7th Circuit Vacates Dismissal Of Suit Against Ponzi Victim's Auditor

CHICAGO - The Seventh Circuit U.S. Court of Appeals on April 3 vacated a district court's dismissal of a suit filed by the bankruptcy trustee of a Ponzi scheme victim mutual funds group against the group's auditor, ruling that the claim against the auditor is sufficient (Ronald R. Peterson, as Chapter 7 trustee for the estates of Lancelot Investors Fund, L.P., et al., v. McGladrey & Pullen, LLP, et al., No.10-3770, 7th Cir.; 2012 U.S. App. LEXIS 6608).

Access this news story on lexis.com®