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Ex-McGuireWoods Lawyer Wins Time In Fraud Case

Law360 (June 4, 2007, 12:00 AM EDT) -- A former McGuireWoods LLP attorney has won more time to answer U.S. Securities and Exchange Commission allegations that he pocketed $17 million in illicit profits from the sale of restricted shares, in breach of securities laws.

Louis Zehil, who resigned from the law firm in February, now has until July 31 to submit accounting material and respond to the SEC's claims that he lied to obtain the nonrestricted private shares through two financial services companies he set up in his Florida home.

The SEC filed a...
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