Litigation

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'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

Podcast: Ben Feder Of Kelley Drye & Warren On Madoff Trustee Lawsuit Against Mets Owners
Posted on 2 Mar 2011 by LexisNexis Litigation Resource Community Staff

In this podcast, Benjamin D. Feder of Kelley Drye & Warren LLP discusses the background of the lawsuit filed by Irving Picard, trustee of Bernard L. Madoff Investment Securities LLC, against the Wilpon Group, owner of the New York Mets. Mr. Feder... Read More

New York Lawsuit Seeks $30 Million In Madoff Family Money
Posted on 30 Jul 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas... Read More

New York Mets Owners Challenge Madoff Trustee Lawsuit
Posted on 8 Jul 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) New York Mets executives argued Thursday that a lawsuit claiming they should have heeded warning signs of a 25-year fraud carried out by jailed financier Bernard Madoff is "a fiction" and should be thrown out. "There were... Read More

Madoff Trustee Gets 'Game Changing' $7 Billion Settlement
Posted on 17 Dec 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) The widow of a Florida philanthropist who had been the single-largest beneficiary of Bernard Madoff's colossal Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud, she and authorities announced... Read More

Top SEC Lawyer Named In Madoff Lawsuit
Posted on 23 Feb 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) The top lawyer at the Securities and Exchange Commission has been named as a defendant in a lawsuit by the trustee who's trying to recover money for victims of Bernard Madoff's Ponzi scheme. The lawsuit was filed by Irving Picard... Read More

Madoff Trustee Sues HSBC For $9 Billion In N.Y. Court
Posted on 7 Dec 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) HSBC prolonged disgraced financier Bernard Madoff's ability to burn investors by "engineering a labyrinth" of international sources of funding for his epic Ponzi scheme, a court-appointed trustee alleged Sunday. Trustee Irving... Read More

N.Y. Trustee Seeks $1 Billion From 7 International Banks
Posted on 9 Dec 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Seven global banking institutions enabled disgraced financier Bernard Madoff's Ponzi scheme by "creating and offering derivative investment products linked to various Madoff feeder funds," a court-appointed trustee alleged... Read More