This past week has been full of Madoff-related news, from the mostly expected–the flood of civil lawsuits filed by trustee Irving Picard right up until a midnight deadline on December 11, when a two-year statute of limitations on any actions seeking to recover funds for investors expired–to the tragic (the suicide of Madoff’s eldest son, Mark, two years to the day of his father’s arrest).
Late Wednesday, global firm Baker & McKenzie made some Madoff news of its own, announcing that Marc Litt, the lead prosecutor of the convicted Ponzi schemer, will soon join the firm.
Come January, Litt, an assistant United States Attorney for the Southern District of New York, will be a partner in the 3950-lawyer firm’s New York office. The hire, the firm said in a statement, will strengthen Baker & McKenzie’s global compliance practice.
“With new regulations and increased enforcement in several jurisdictions, compliance has become a top priority today for multinational companies,” said Eduardo Leite, chairman of Baker & McKenzie’s executive committee.
After graduating from Columbia University School of Law in 1992, Litt joined Paul, Weiss, Rifkind, Wharton & Garrison as a litigation associate, investigating corporate fraud and working on civil cases.
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