In an action pending in the U.S. District Court for the Southern District of New York, Cooper, LLC announced a favorable settlement on behalf of its client of civil RICO and other claims arising out of an alleged decade-long fraudulent investment scheme. The firm’s client alleged a conspiracy among a team of financial and legal advisers to defraud their mutual client of over $100 million through fraudulent Fx trading and self-dealing. The firm’s client was the target of false and defamatory allegations by the defendants to prevent and discredit any scrutiny of the scheme.  After months of negotiating, Cooper, LLC secured a settlement with most of the defendants that far exceeded the client’s expectations and did so without ever having to file the RICO allegations. The firm is currently investigating additional action against the non-settling defendants that may yet yield additional recoveries.

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