2nd Circ. Asked To Infer That Deloitte Aided Chinacast Fraud
By Pete Brush ( February 29, 2016, 3:39 PM EST) -- Hedge funds pressed the Second Circuit on Monday to revive their claims against Deloitte & Touche LLP and its Shanghai unit, but appeared to face headwinds in convincing the court they are entitled to an inference that the accounting giant colluded in a $140 million fraud perpetrated by the CEO of e-learning company ChinaCast Education Corp....
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