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7th Circ. Revives Lancelot Trustee's Auditor Malpractice Suit

By Amanda Bransford ( April 3, 2012, 5:36 PM EDT) -- The Seventh Circuit on Tuesday vacated a lower court's judgment that the Chapter 7 trustee of Lancelot Investors Fund LP cannot hold auditor McGladrey & Pullen LLP responsible for failing to detect criminal fraud, ruling that the court should have determined when the funds' manager knew of the fraud....

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