Investors Win Cert. In Ponzi Suit Against Greenberg, Quarles

Law360, New York (March 21, 2012, 8:04 PM EDT) -- Investors won class certification Tuesday in a case accusing Greenberg Traurig LLP and Quarles & Brady LLP of constructing “a facade of legitimacy” around an alleged Ponzi scheme that led to $900 million in losses and bankrupted two companies when the real estate bubble popped.

U.S. District Judge Frederick J. Martone signed off on the certification for two classes of plaintiffs who bought into mortgage lender Mortgages Ltd., which was represented by Greenberg Traurig, and securities dealer Radical Bunny LLC, which was represented by Quarles &...
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