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Hughey Law Group Spends the Weekend in Boardroom Hammering End to Investor Fraud Suit

Hughey Law Group successfully defends and resolves a multimillion-dollar investor fraud suit stemming from an $80 million Ponzi scheme orchestrated and operated by third-party Anthony Vassallo, who has already been criminally convicted and sentenced to 34 years in prison. Suit was brought in 2010 by one Vassallo investor-victim against another, HLG client and perhaps Sacramento region’s most successful commercial real estate magnate, contending some kind of derivative and tenuous liability based on HLG client’s high degree of savvy and sophistication (and, as the contention goes, therefore he knew or should have known of Vassallo’s elaborate fraud). After the case lingered and languished for more than five years in the hands of other counsel, HLG team took over as lead trial counsel and quickly refocused, redirected and navigated the matter to incredibly favorable resolution.