Litigation

Recent Posts

Former BLMIS Controller Pleads Guilty To Role In Massive Ponzi Scheme
Posted on 22 Dec 2011 by Timothy Raub

NEW YORK - (Mealey's) The former controller of Bernard L. Madoff Investment Securities LLC (BLMIS) has pleaded guilty to criminal counts and agreed to cooperate with the U.S. government in its ongoing investigation into the fraud committed at BLMIS... Read More

2nd Circuit: Madoff Trustee Cannot Sue Banks On Behalf Of Customers
Posted on 22 Jun 2013 by Michael J. Lello

NEW YORK - (Mealey's) The Second Circuit U.S. Court of Appeals on June 20 affirmed a district court's ruling that Bernard L. Madoff Investment Securities LLC (BMLIS) trustee Irving H. Picard cannot sue JPMorgan Chase & Co., HSBC Holdings PLC... Read More

'Largest Single Forfeiture In U.S. History' Announced In Madoff Lawsuit
Posted on 17 Dec 2010 by Timothy Raub

NEW YORK - (Mealey's) In what is being called the "largest single forfeiture in U.S. history," the U.S. attorney for the Southern District of New York and others announced Dec. 17 that they have reached a $7.2 billion settlement with the... Read More

Madoff Trustee Agrees To $162 Million Settlement With New York Mets' Owners
Posted on 19 Mar 2012 by Timothy Raub

NEW YORK - (Mealey's) The owners of Major League Baseball's New York Mets and the liquidation trustee of Bernard L. Madoff Investment Securities LLC (BLMIS) agreed on March 19 to a $162 million settlement of claims relating to the defendants'... Read More

$410 Million Settlement Reached With Controller Of 4 Madoff Feeder Funds
Posted on 26 Jun 2012 by Timothy Raub

NEW YORK - (Mealey's) In what he called "one of the largest agreements of its kind," New York Attorney General Eric. T. Schneiderman on June 25 announced that he had reached a $410 million settlement with J. Ezra Merkin for his role in the... Read More