Litigation

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Goodwin Procter Expands Securities Litigation Practice With Addition Of Daniel J. Tyukody In Los Angeles
Posted on 18 Jul 2011 by LexisNexis Litigation Resource Community Staff

BOSTON - Goodwin Procter LLP , a national Am Law 50 firm, has announced that Daniel J. Tyukody has joined the firm's Litigation Department in Los Angeles as a member of its Securities Litigation & White Collar Defense Practice. He will focus... Read More

Parties Seek Approval Of $80 Million Settlement In Madoff Feeder Fund Suit
Posted on 8 Nov 2012 by Timothy Raub

NEW YORK - (Mealey's) Investors on Nov. 6 asked a federal judge in New York to preliminarily approve a potential $80.25 million settlement of claims that defendants concealed that the investors' funds were being placed in accounts that were part... 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

In Amended Complaint, Madoff Trustee Seek $226 M From Madoff Management
Posted on 15 Nov 2011 by Jordan D. Maglich

The court-appointed trustee overseeing the unraveling of Bernard Madoff's massive Ponzi scheme has filed an amended complaint in which he is seeking the return of $226.4 million from several Madoff family members including Madoff's brother, sons... Read More

The Week In Securities Litigation: Madoff Brother Agrees To Plead Guilty To Criminal Charges
Posted on 4 Jul 2012 by Thomas O. Gorman

There were news reports this week that Ponzi king Bernard Madoff's brother, Peter, has agreed to plead guilty to criminal charges that will land him in jail for ten years. At the same time the NY AG settled a case against a the operator of Madoff... Read More

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

The Week In Securities Litigation: Scandal Surfaces Again At The SEC
Posted on 23 Sep 2011 by Thomas O. Gorman

Scandal surfaced again at the SEC this week. The SEC IG referred a matter involving the former general counsel of the agency to the DOJ. The matter centers on conflicts arising out of his handling of the Madoff clawback claims for the Commission. That... 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

Madoff Lawsuit: Mets Owners Owe Victims $300 Million
Posted on 7 Feb 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) The owners of the Mets turned a blind eye to Bernard Madoff's massive fraud, reaping $300 million in false profits and using a large chunk to run the team, according to a lawsuit unsealed Friday. The lawsuit claims the owners were... Read More

Madoff Trustee Sues UBS, Others For $2B
Posted on 24 Nov 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) The trustee who is trying to recover money for cheated investors in jailed Bernard Madoff's fraud has sued the Swiss bank UBS AG and related entities and individuals after alleging they collaborated in his Ponzi scheme. Trustee... 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

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