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Luca Oil Co. Hit With $748M Investor Breach Of Contract Suit

By Cara Salvatore ( August 7, 2015, 5:30 PM EDT) -- Oil and gas company Luca Resources Group LLC was sued Thursday in California by a putative class of investors alleging the company owes them $748 million over fraud that has also drawn U.S. Securities and Exchange Commission charges alleging the scheme targeted Chinese nationals hoping for green cards through U.S. investments....

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