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Client Defends $50 Million Fraud Suit

Our firm defended a $50 million fraud suit by two offshore CDO funds (each formerly controlled by Patriarch Partners and Lynn Tilton) against the CEO and chairman of failed Chinese media conglomerate, Xinhua Sports & Entertainment.

The team obtained orders dismissing a negligent misrepresentation claim on the pleadings, striking all references in the complaint to parallel criminal proceedings against client, and striking plaintiffs' jury demand. These orders were affirmed after interlocutory appeal.

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