For the third time this month, the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities has brought a high-profile suit against a sophisticated investor demanding the return of millions of dollars, and more suits are expected soon.
The $1.1 billion action brought Tuesday by trustee Irving H. Picard against Harley International Ltd. claims the firm, which had long-standing ties to Madoff’s firm, “knew or should have known” that its account statements “did not reflect legitimate trading activity and that Madoff was engaged in fraud.”
This content has been archived.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]
