The trustee liquidating Bernard L. Madoff Investment Securities Inc. is laying claim to four homes owned by Bernard Madoff’s two sons and their spouses as he seeks to recoup money lost in the Ponzi scheme.
Private equity lawyer William Kirsch joined Baker & McKenzie LLP’s Chicago office where he will head the firm’s North American private equity practice. Stacey Kern and Garry Jaunal, also private equity attorneys, have joined the firm, too, bolstering its domestic practice.
Bernard Madoff’s wife and surviving son say in a new book that they didn’t know of his $65 billion Ponzi scheme, the largest in history, until the day in December 2008 when he confessed his crimes to them.
U.S. prosecutors are preparing what would be the first criminal charges against BP Plc staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Bernard Madoff’s son Andrew must submit to a bankruptcy judge’s decision to permit a $198 million lawsuit to go forward because he sought that court’s protection when he filed a claim against his father’s estate, a federal judge said.