Blank Rome, Cozen O'Connor Can't Shake Investors' Lawsuit
An investor group's federal lawsuit against Blank Rome, Cozen O'Connor and Cushman & Wakefield won't be stopped by Pennsylvania's statute of limitations, but claims brought by three of the plaintiffs, including British real estate tycoon Berish Berger, have been thrown out.
August 21, 2017 at 05:22 PM
21 minute read
An investor group's federal lawsuit against Blank Rome, Cozen O'Connor and Cushman & Wakefield won't be stopped by Pennsylvania's statute of limitations, but claims brought by three of the plaintiffs, including British real estate tycoon Berish Berger, have been thrown out.
The investors alleged that the firms were part of a scheme orchestrated by Eliyahu Weinstein, who was convicted of fraud and sentenced to 22 years in prison for operating a massive Ponzi scheme that stole money from members of the Orthodox Jewish community under the guise of investing in Philadelphia real estate projects.
In their motion to dismiss, the defendant firms alleged that the investors were only targeting them because they could not recover damages from Weinstein.
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