In Krasner v. RAHFCO Funds, 2012 WL 4069300 (S.D.N.Y. 2012), LCBF successfully moved to dismiss all federal securities and common law claims asserted by a group of investors against its accounting firm client (and others) arising from the accounting services provided to a hedge fund that was ultimately discovered to be involved in a multi-million dollar alleged Ponzi scheme. Since the plaintiffs had already amended their complaint once, the court dismissed all claims against the accountants with prejudice. Lou Corsi led the LCBF team.
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