December 5, 2019 / 12:02 AM / 3 days ago

Woodbridge investors sue Sidley, 8 other firms

Investors in Woodbridge Group of Companies, a property company federal prosecutors have alleged was a $1.3-billion Ponzi scheme, have sued nine law firms including Sidley Austin, who they say aided and abetted the fraud.

The plaintiffs, a group of more than 4,600 Woodbridge investors, are seeking more than $1 billion in damages in total from the firms, according to the complaint filed in California state court in Los Angeles on Monday.

To read the full story on Westlaw Practitioner Insights, click here:

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