Holland & Knight and a court-appointed receiver announced on Aug. 29 that the Tampa-based law firm will pay $25 million to settle claims brought by investors who lost money in hedge funds operated by Sarasota, Fla., Ponzi schemer Arthur Nadel and represented by the law firm. The settlement, which must be approved by U.S. District Judge Richard Lazzara in Tampa, also would resolve a lawsuit that has been pending in Sarasota Circuit Court for more than three years, receiver Burton Wiand of Wiand Guerra King in Tampa said.
See Motion to Approve Settlement and Receiver’s Affidavit in Support.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
