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Misappropriation Venture Capital

Dorsey & Whitney LLP

SEC Files Action Based on Misappropriation of Pre-IPO Shares

Dorsey & Whitney LLP on

The SEC filed a fraud action based on the misappropriation of shares of a private firm held by investors through an LLC. The shares were then resold and reissued to other investors. SEC v. Kumar, Civil Action No. 23145 (N.D....more

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