Bernard Madoff News
-
Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again. A judge is poised to rule whether racketeering counts allowing triple damages should be tossed, Bloomberg News’s Thom Weidlich reports.
-
New York Mets general manager Sandy Alderson, preparing to drive to Florida for spring training earlier this month, joked with fans through Twitter messages about the sorry state of his baseball team’s finances.
-
U.S Securities and Exchange Commission officials have been citing a jump in the number of enforcement actions last year as proof that an overhaul of the agency’s investigative force is bearing fruit. The claim isn’t supported by a detailed examination of the statistics.
-
California Attorney General Kamala Harris told a judge she is entitled to pursue a lawsuit against the estate of a former Bernard Madoff investor for allegedly violating state laws, and the court should bar interference in the “people’s action” by the Madoff trustee.
-
Union Bancaire Privee, the Geneva- based wealth manager that reorganized after clients lost money with Bernard Madoff, agreed to buy Nexar Capital Group for an undisclosed sum.
-
Tetsuo Ochi, searching for asset managers for his $6 billion fund of hedge funds, sought a meeting in early 2009 with executives from AIJ Investment Advisors Co., a firm that seemed to be faring well amid the market turmoil that followed the collapse of Lehman Brothers Holdings Inc.
-
Bank of America Corp. and a group of investors that reached an $8.5 billion mortgage-bond settlement with the bank won their bid to remove the case from a federal judge and return it to state court.
-
The family of David M. Becker, the former top lawyer for the U.S. Securities and Exchange Commission, agreed to pay $556,017 to settle claims over inherited money that was linked to Bernard Madoff’s Ponzi scheme.
-
New York Mets owner Fred Wilpon said the cash-strapped team has completed the sale of seven minority ownership shares, four of which went to the regional sports network owned by the team, Time Warner Cable Inc. and Comcast Corp.
-
AIJ Investment Advisors Co., suspended by Japan’s financial regulator, told investors one of its funds returned 241 percent since it started in May 2002 by mainly trading Nikkei 225 options, according to a newsletter obtained by Bloomberg News.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page