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Friday, May 5, 2017

PNC Bank Asks 6th Circ. To Back $70M Ponzi Suit Dismissal

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PNC Bank NA has urged the Sixth Circuit to uphold the dismissal of a proposed class action brought by investors in an Ohio couple’s alleged $70 million Ponzi scheme, arguing the lower court was correct to toss the suit because the investors never claimed the bank did anything more to participate in the scheme than provide the couple with normal banking services.

May 05, 2017 at 02:03AM

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