Broker-Dealers Ditch Some Claims In $500M DBSI Ponzi Suit

By Eric Hornbeck ( September 26, 2013, 4:08 PM EDT) -- A Delaware federal judge ruled Wednesday that most of the securities fraud claims, albeit narrowed considerably, can go forward against many of the broker-dealers who allegedly helped defunct real estate investment firm Diversified Business Services & Investments Inc. pull off a $500 million Ponzi scheme that sent it into bankruptcy....

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