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RCT FILES $80 MILLION CLAIM AGAINST DLA PIPER

In December 2013, RCT filed a lawsuit in New York state court against DLA Piper alleging that the law firm assisted an investment manager in defrauding two Cayman hedge funds.  As alleged in the lawsuit, DLA Piper helped the investment manager misappropriate tens of millions of dollars from the Cayman hedge funds to make margin payments on behalf of a CDO that the investment manager also managed.
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