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CALIFORNIA CORPORATE & SECURITIES LAW

Ninth Circuit Finds No Reliance On Auditor’s Qualified Opinions

In 2009, the Securities and Exchange Commission sued Danny Pang and his two companies for allegedly defrauding investors of hundreds of millions of dollars by misrepresenting investments in the life insurance policies of senior citizens and in timeshare real estate.  At the same time, the SEC obtained an emergency court order appointing a receiver over…

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