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LITIGATION
SEVENTH CIRCUIT
7th Circ. Backs Distribution Of $2.5M In Fraud Funds
By Celeste Bott
The Seventh Circuit on Thursday rejected a real estate banking business's argument it should have been prioritized over other investors for proceeds from the liquidation of assets related to an alleged $135 million Ponzi scheme, and affirmed a lower court's finding it would have learned of those other investors' interests on two Chicago properties with a more diligent inquiry.
Opinion attached |
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REAL ESTATE & DEVELOPMENT
EXPERT ANALYSIS
LEGAL INDUSTRY
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