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Auditing Firm Skirts Suit Over Decade-Old Fraud

By Celeste Bott (January 2, 2020, 8:27 PM EST) -- A group of investment companies who lost money because of a Ponzi scheme waited too long to sue an auditing firm for failing to discover the fraud, an Illinois appellate court has ruled, saying no automatic stay provisions applied to toll the case during bankruptcy proceedings. ...

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