On Tuesday, Greenberg Traurig and Quarles & Brady were named as defendants in an investor class action filed in federal district court in Arizona for allegedly aiding and abetting a Ponzi scheme run by a real estate loan company called Mortgages Ltd. and a financing company called Radical Bunny. In an attempt to bypass Stoneridge, the defendants are accused of violating Arizona state securities laws. The case was brought on behalf of 2,000 investors who claim to have lost more than $900 million.
Ponzi Investor Suit Targets Greenberg Traurig, Quarles & Brady
The American Lawyer
May 13, 2010