Irving Picard , the trustee liquidating Bernard Madoff ’s investment firm, will seek approval to begin making payouts this year to victims, his chief lawyer told reporters.
A $1 billion lawsuit by the trustee liquidating Bernard Madoff’s firm against the owners of the New York Mets should be dismissed, a lawyer for the baseball team’s owners told a federal judge.
The U.S. Securities and Exchange Commission was sued by eight of R. Allen Stanford’s investors, who claim regulators’ “negligence and misconduct” caused their losses.
Lehman Brothers Holdings Inc. lost a bid to recover an alleged $11 billion “windfall” from Barclays Plc ’s purchase of its defunct brokerage unit when a judge ruled the transaction was fair.
A lawyer for the trustee liquidating the estate of Bernard L. Madoff said Mets owners Fred Wilpon , Saul Katz and the Sterling Equities Inc. partners “refuse to return” $300 million in “other people’s money” received from the jailed con man.
European Union regulators may push for joint bond sales by euro-area nations to help contain the debt crisis, putting pressure on Germany to drop its opposition.
Jason Goldfarb, a New York attorney who pleaded guilty to passing inside information from two other lawyers to ex-Galleon Group LLC trader Zvi Goffer, was sentenced to three years in prison.
Massachusetts Attorney General Martha Coakley said she may sue major banks after she “lost confidence” that they will reach an adequate agreement to resolve disputes over foreclosure practices.
The trustee overseeing the liquidation of Bernard Madoff ’s former investment firm said he never met with the jailed con man, contradicting a report in the New York Times.
"Our investigations, dissection and reconstruction of the fraud have proven invaluable in identifying how the Madoff Ponzi scheme began and lasted as long as it did."
- David Sheehan on Nov 20, 2014