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Lawyers from Florida to New York besieged by Madoff investors
New York and South Florida lawyers spent the weekend fielding calls from panicked clients who lost millions in a $50 billion alleged fraud linked to Manhattan investment adviser Bernard Madoff. Some said there is little chance of getting the money returned from Madoff, and they are looking at third parties to sue, such as financial advisers and institutional investorsCurrent and Former Prosecutors Clash on Suit Over Indigent Defense
By Buckley, P.J., Mazzarelli, Ellerin, Catterson, McGuire JJ. 7195. The People of the State of New York, res, v. Allen Wiggins, def-ap ______________________
BofA Audits Cybersecurity Practices of Firms
Richard Borden, the bank's assistant general counsel, said that Bank of America is "one of the largest targets in the world" for cyber attacks, and that law firms are "considered one of the biggest vectors that the hackers, or others, are going to go at to try to get to our information."Lippman, P.J., Mazzarelli, Friedman, Sweeny, Moskowitz, JJ. 2690 Index 601591/06 ALJ Capital I, L.P., et al., Plaintiffs-Appellants, v The David J. Joseph Co
Circuit Rejects Antitrust Suit in Ruin of Market for Auction-Rate Securities
It was inevitable that the collapse of the $300 billion ARS market in 2008 would trigger securities litigation. And it did, but the ARS freeze also spawned a massive antitrust case, after a trio of plaintiffs firms cooked up a theory that the market's demise was triggered by an illegal boycott by major banks.Trending Stories
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