Litigation

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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

Tags: Preet Bharara , Securities and Exchange Commission , securities litigation , Madoff , SEC , Litigation , BLMIS , United States of America v. Enrica Cotellessa-Pitz , Bernard L. Madoff Investment Securities LLC , Enrica Cotellessa-Pitz , Securities

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

Tags: JPMorgan Chase & Co. , UBS AG , UniCredit SpA , Second Circuit , HSBC Holdings PLC , Ponzi scheme , financial services , Madoff , banks , BMLIS , Irving H. Picard , In re: Bernard L. Madoff Investment Securities LLC , Bernard L. Madoff Investment Securities LLC , Litigagtion

'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

Tags: Barbara Picower , Ponzi scheme , 717 on deposit at JP Morgan Chase Bank , Madoff , Jeffrey Picower , Irving Picard , Litigation , BLMIS , lawsuit , Bernard L. Madoff Investment Securities LLC , United States of America v. $7

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

Tags: Saul B. Katz , Picard , Sterling Equities , Ponzi scheme , Major League Baseball , Bernie Madoff , Litigation , Fred Wilpon , BLMIS , Irving H. Picard v. Saul B. Katz , Settlement , Bernard L. Madoff Investment Securities LLC , New York Mets

Feeder Funds To Pay Nearly $220 Million To Settle Madoff Ponzi Scheme Fraud Claims
Posted on 14 Nov 2012 by Timothy Raub

NEW YORK - (Mealey's) Four Bernard L. Madoff Investment Securities LLC feeder funds and several of their current and former owners and officers have agreed to pay nearly $220 million to settle claims that they breached their fiduciary duties under... Read More

Tags: ERISA , In re: Beacon Associates Litigation , U.S. Department of Labor , Hilda L. Solis , J.P. Jeanneret Associates Inc. , Ponzi scheme , John P. Jeanneret , Employee Retirement Income Security Act , Paul Perry , financial services , Beacon Associates Management Corp. , Andover Associates Management Corp. , breach of fiduciary duties , Bernie Madoff , Litigation , BLMIS , Settlement , Bernard L. Madoff Investment Securities LLC , Harris Markoff , Ivy Asset Management LLC , Joel Danziger

$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

Tags: Ascot Partners L.P , Ponzi scheme , Ascot Fund Ltd. , Eric. T. Schneiderman , Madoff , J. Ezra Merkin , Litigation , BLMIS , Gabriel Capital L.P. , Settlement , Ariel Fund Ltd. , Bernard L. Madoff Investment Securities LLC , York Attorney General , The People of the State of New York v. J. Ezra Merkin , Securities