Holland & Hart, Others To Face Suit Over $13M TIC Investment

Law360, New York (July 17, 2012, 6:25 PM EDT) -- A group of real estate investors that put $13 million into two Utah properties owned by imprisoned Ponzi schemer Val Southwick will file suit Wednesday against Holland & Hart LLP, Wells Fargo & Co. and others for allegedly aiding fraudulent activity.

Breakwater Equity Partners, a San Diego-based commercial loan workout firm, said Tuesday that a group of so-called tenant-in-common investors who purchased the properties from Southwick's company in June 2008 will file a complaint in Nevada state court Wednesday against Holland & Hart, Wells Fargo and...
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