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Ferris Baker Watts Case 04/21/2008

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Lawsuit Overview

<p> </p> <p>The Baltimore investment bank Ferris Baker Watts Inc. reached a settlement with the approximately 100 victim-shareholders for $ 16 million in a lawsuit over the negligent supervision of one of its brokers, who was operating a Ponzi scheme in which investors lost $28 million. The bank agreed to pay $ 7.2 million in cash and relinquish three million shares ...



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