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Investors Can't Justify Deal With Trading Firm GC, Judge Says

By Emma Cueto (January 2, 2019, 4:00 PM EST) -- An Illinois federal court has refused to approve a deal between the general counsel of a now-defunct stock trading firm and investors over allegations the attorney helped conceal financial difficulties and evidence that higher-ups used corporate funds for personal gain, questioning the proposed distribution favoring the named investors....

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