Greenberg Traurig Demands Docs In $200M Fraud Suit

Law360, New York (July 12, 2011, 7:19 PM EDT) -- Greenberg Traurig LLP on Tuesday demanded access to investment documents that could derail an investor class action in Arizona alleging the firm facilitated a $200 million fraud that bankrupted Mortgages Ltd.

Filed in May 2010, the putative class action claims Greenberg Traurig helped draft documents that allowed Mortgages to raise money for what was effectively a $200 million Ponzi scheme.

The firm asked the court to compel Oxford Investment Partners LLC, an investment adviser that sold Mortgage Ltd. securities to investors including lead plaintiff Robert Facciola,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Facciola, et al v. Greenberg Traurig, LLP, et al


Case Number

2:10-cv-01025

Court

Arizona

Nature of Suit

Personal Property: Fraud or Truth-In-Lending

Judge

Frederick J Martone

Date Filed

May 11, 2010

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.