6th Circ. Revives Ohio Investment Clawback Fraud Suit

Law360, New York (February 23, 2012, 6:09 PM EST) -- The Sixth Circuit on Thursday revived a fraud suit over a lawyer's efforts to recover money that his clients lost in a $100 million Ponzi scheme, saying the lawyer's letters to Ohio residents established that the suit should be heard in Ohio federal court.

The Sixth Circuit court said the Ohio federal court had erred in ruling that Dr. David Schneider's complaint — saying that his investment manager's lawyer, Tom Nelson, had written letters saying he was working to recover the lost money — failed to...
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