Chinese foreign investors have filed a suit against a Los Angeles-based partnership they subscribed to over allegations of fraud.

Yicong Gan, Ying Liu, Hui Luo, et al. filed a complaint on Nov. 19 in the U.S. District Court for the Central District of California against ADC Downey LP and ADC Downey GP LLC over alleged violation of the Securities Exchange Act and common law fraud.

Source:  https://legalnewsline.com/stories/511649515-investors-file-fraud-suit-against-adc-downey-seek-4-9-million

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