Prominent New York law firm Certilman Balin Adler & Hyman is named as a defendant in a federal class action brought by investors who were allegedly bilked out of $20 million by a "boiler room" Ponzi scheme masterminded by two convicted felons. According to the suit, partner Martin Unger, along with other lawyers, "knowingly and recklessly prepared, amended and backdated" documents and "gave advice that assisted the scheme." A nearly identical complaint against the firm was dismissed earlier this year.
August 14, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A prominent Long Island, N.Y., law firm is named as a defendant in a federal class action suit brought by investors who were allegedly bilked out of $20 million by a “boiler room” Ponzi scheme masterminded by two convicted felons.
But New York Supreme Court Justice Charles E. Ramos dismissed a nearly identical complaint against the firm brought in New York County earlier this year.
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