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Cite as: In re: Lehman Brothers Securities, 09 MD 2017 (LAK), NYLJ 1202509001378, at *1 (SDNY, Decided July 27, 2011)District Judge Lewis A. Kaplan
MLSMK Investments alleged that JPMorgan knew Madoff was a fraudster but kept his secret so it could continue earning fees and commissions from him. But a Manhattan federal judge said the investor failed to offer enough evidence to back its allegations.
During closing arguments in Manhattan federal district court on Tuesday, the SEC's Matthew Martens told the jury not to let Fabrice Tourre and his lawyers deceive them the way the former Goldman Sachs trader allegedly duped investors in a doomed-to-fail synthetic CDO.
Louis Vuitton wanted to hold Google liable for selling keywords containing trademarked phrases to its rivals. The EU's Court of Justice said no dice.
In a highly unusual ruling, Manhattan federal district judge Lewis Kaplan ordered former Lehman CEO Richard Fuld and four other former top Lehman officials to hand over detailed information about their finances. Kaplan is concerned about the fact that a $90 million settlement with shareholders would be covered by D&O policies, and would not require the defendants to pay anything out of their own pockets.
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