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When Investors Strike Back

Speaking of dicey restaurant investments and their fallouts, a Chicago restaurant investor is suing his restaurant partners, because he sunk $200K into the venture based on false premises: "The investor, Michael Demnicki, accuses Holland & Knight--and a half-dozen other defendants--of concealing the fact that one of the founders of the would-be trendy restaurant (which is now closed) had a criminal record, which would have made it difficult for the restaurant to obtain a liquor license." And just for good measure, it was (allegedly) a Ponzi scheme too. [AM Law]

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