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Steve Strauss of Cooley got a team from Latham & Watkins booted from a suit arising from the largest Ponzi scheme in San Diego historya $400 million fraud where investors loaned money escrowed at Chicago Title to provide bridge loans to liquor licenses purchasers in California. (This being a Ponzi, no licenses were actually purchased.) Representing the title company, Strauss convinced San Diego Superior Court Judge Ronald Styn to grant a motion to disqualify on August 31 based on a finding that Latham had represented Chicago Title in another case that had a “substantial relationship” to the matter at hand.

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Ross Todd

Ross Todd is the Editor/columnist for the Am Law Litigation Daily. He writes about litigation of all sorts. Previously, Ross was the Bureau Chief of The Recorder, ALM's California affiliate. Contact Ross at rtod[email protected] On Twitter: @Ross_Todd.

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