Litigation
Feb. 9, 2016
Class collects $3.5M in Ponzi scheme settlement
Investors who lost $40 million to a Ponzi scheme fund successfully recovered a fraction of the money from the accounting firm.
Daily Journal Staff Writer
A final settlement has been approved between a group of hedge fund investors who lost $40 million and the accounting firm that managed the fund.
The 55 class members collectively obtained a $3.5 million settlement with O'Connor Davies Munns and Dobbins LLP, the audit firm hired by ThinkStrategy Capital Management LLC.
Individual awards range from $2,000 to $19...
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
$795 for an entire 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