Investment Firm DLA Sued Over $6B REIT Ponzi Scheme

By Roxanne Palmer · June 20, 2011, 8:41 PM EDT

David Lerner Associates Inc. was hit with a putative class action in New Jersey on Monday by Apple REIT shareholders who claim the investment firm misled elderly and unsophisticated investors in...

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Case Information

Case Title

In re Apple REITs Litigation

Case Number

1:11-cv-02919

Court

New York Eastern

Nature of Suit

Securities/Commodities

Date Filed

June 17, 2011