Litigation
Jul. 16, 2015
Securities fraud settlement held up over claims form issues
A Los Angeles Superior Court Judgedid not sign off on a $3.5 million agreement between investors and accounting firm O'Connor Davies Munns & Dobbins LLP over allegedly misleading hedge fund audit reports.
Daily Journal Staff Writer
A $3.5 million settlement between 55 investors and the accounting firm they accused
of producing misleading hedge fund audit reports that led to $40 million in losses
was stymied Tuesday over concerns that the release language preventing class members
from bringing suit in the future was overbroad.
Los Angeles ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In