Investment Cos. Reach Discovery Deal In $150M Fraud Suit

Law360, New York (January 29, 2014, 7:25 PM EST) -- Eden Rock Capital Management LLP and Capstone Capital Management Inc. on Wednesday resolved a discovery dispute in Eden Rock's case accusing Capstone of fraud and breach of contract for allegedly diverting $150 million in investments to unauthorized real estate ventures that later failed.

As part of the order signed by both parties Wednesday, the defendants will withdraw a motion to dismiss, preclude and/or compel discovery, while the plaintiffs agreed to give up financial documents for the years 2007 and 2008, including balance sheets and income statements...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.