Philly Firm Aided Mantria Ponzi Scheme, Investors Claim

Law360, Philadelphia (January 8, 2013, 5:22 PM EST) -- Philadelphia law firm Astor Weiss Kaplan & Mandel LLP was slapped with a putative class action Friday in Pennsylvania state court alleging attorneys should have known that Mantria Corp., a green investment company fingered for running a $54 million Ponzi scheme, was selling bogus securities.

The negligence suit, filed in the Philadelphia County Court of Common Pleas, claimed that attorneys with Astor Weiss were complicit in Mantria's violation of state securities law because they knew — or should have known — that stakes the company sold...
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