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In a recent legal development, an ex-board member of a dry cleaning delivery startup has claimed that attorneys from Cooley LLP were aware of fraudulent activities by the startup’s founder. The individual was the subject of an ongoing securities fraud investigation in Texas, even as he continued soliciting investments. These revelations come as part of a response to Cooley’s motion to dismiss a securities fraud lawsuit. The allegations suggest that Cooley LLP might have had knowledge of fabricated company documents during the investment solicitation period. The legal community awaits further details as the case unfolds.
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