Stanley Chais News
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The judge handling the Bernard Madoff brokerage liquidation picked bankruptcy lawyer James L. Garrity Jr., the head of Morgan Lewis & Bockius LLP’s bankruptcy and finance and restructuring practice, to mediate in trustee Irving Picard’s fight with California Attorney General Kamala Harris.
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California Attorney General Kamala Harris and the liquidator of Bernard Madoff’s defunct firm will hold talks seeking to end a deadlock over Harris’s $270 million lawsuit against an alleged beneficiary of the Ponzi scheme.
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The trustee liquidating Peregrine Financial Group Inc., who is seeking to return “specifically identifiable property” to customers, said only about 11 of 24,000 futures clients have such property eligible to be returned, according to a filing in bankruptcy court.
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California Attorney General Kamala Harris would wind up helping her home state or “a select group” of investors if she is allowed to recoup illegal profits from the Bernard Madoff Ponzi scheme, the liquidator of the con man’s brokerage said.
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The trustee liquidating Bernard L. Madoff Investment Securities LLC filed a mass appeal asking the U.S. Court of Appeals in Manhattan to revive about $10 billion in lawsuits against 635 customers that have been or will be dismissed by U.S. District Judge Jed Rakoff.
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Houghton Mifflin Harcourt Publishing Co. improperly filed its prepackaged reorganization in New York, the bankruptcy judge ruled on June 22, one day after signing a confirmation order approving the Chapter 11 plan for the Boston- based educational publisher.
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California Attorney General Kamala Harris is breaking the law by suing to recoup illegal profits from Bernard Madoff’s fraud in competition with the Madoff trustee, according to a court filing.
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New York Knicks guard Jeremy Lin hired agent Jim Tanner of the Washington law firm Williams & Connolly LLP to represent him in basketball and marketing matters, two people familiar with the situation said.
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A U.S. bankruptcy judge barred a class-action lawsuit filed in Florida against the estate of former Bernard Madoff investor Jeffry Picower.
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BP Plc faces more than 225 lawsuits in 11 states as litigation from businesses, individuals and investors continues to increase almost two months after the Deepwater Horizon oil rig exploded.
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