DLA Piper and Fox Rothschild face accusations of “knowingly” aiding and abetting a Ponzi scheme in Florida federal district court, while Davis Wright Tremaine removed state securities allegations to a federal district court in Oregon.
Oregon investors lost $17 million buying purported real estate securities from American Equities and said in state court that Davis Wright Tremaine LLP “participated and materially aided in the sales.” But the case belongs in federal court because the proposed class members are Oregon citizens and Davis Wright Tremaine’s principal place of business is in Washington, the firm said in the U.S. District Court for ...
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