Bernard Madoff News
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The Bernard Madoff brokerage liquidator appealed a federal judge’s ruling that blocked his move to stop New York Attorney General Eric Schneiderman from completing a $410 million settlement with J. Ezra Merkin.
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HSBC Holdings Plc, custodian of a fund that lost about 1.1 billion euros ($1.5 billion) through Bernard Madoff’s Ponzi scheme, said liability rules for banks in Europe weren’t as strict at the time of the scandal surrounding the convicted fraudster.
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Morrison & Foerster LLP announced leadership changes, appointing San Francisco partner Brandon Parris and Tokyo partner Randy Laxer as co-chairmen of the corporate department and New York partner Gary Lee and Tokyo partner Dale Caldwell to lead the finance group.
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Across the Standard & Poor’s 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, according to data compiled by Bloomberg. The numbers are based on industry-specific estimates for worker compensation.
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Four years after Bernard Madoff pleaded guilty to running the largest Ponzi scheme in history, investors are still trying to get their money back.
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The liquidator of Bernard Madoff’s firm asked a judge to approve $50 million of fees and expenses for his law firm’s work from July 1 through Nov. 30, according to a federal court filing in Manhattan.
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Banco Santander SA, Spain’s biggest bank, named Javier Marin as chief executive officer, turning to a leader from a younger generation after Alfredo Saenz resigned.
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New York Attorney General Eric Schneiderman can go forward with a $410 million settlement with J. Ezra Merkin, using his law enforcement powers to compensate Merkin investors whose money was lost in Bernard Madoff’s Ponzi scheme, a judge ruled.
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Mary Jo White, the first former prosecutor to serve as chairman of the U.S. Securities and Exchange Commission, has pledged to run a “bold and unrelenting” enforcement program at the agency charged with regulating Wall Street.
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Bernard Madoff’s investors can’t sue the U.S. Securities and Exchange Commission for failing to uncover his massive Ponzi scheme, a federal appeals court ruled.
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