Lunes, Abril 4, 2016

After Aequitas collapse, class action lawsuit targets Deloitte, Tonkon Torp, others; Could grow to $300M

Stoll Berne late Monday filed a class action lawsuit, which could grow to in excess of $300 million, against Aequitas Capital Management's auditors and law firms.

Aequitas Capital, which claimed to manage $1.67 billion in assets as recently as last summer, collapsed in February shortly before the Securities and Exchange Commission alleged in a civil lawsuit it operated in "Ponzi-like fashion."

The SEC claims in 2014 and 2015 Aequitas raised $350 million from a total of 1,500 investors while not…


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