In The Recorder, Lawrence Rolnick and Steven Hecht discuss the securities suit brought by investment funds that opted out of a class action against Ecotality Inc. Although the court dismissed all of the class action claims, it upheld the claims brought by Lowenstein Sandler on behalf of the funds. The suit demands the return of the investors' $8 million investment after Ecotality executives allegedly hid problems with a government contract that constituted over 95 percent of its revenues.
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