Chadborne Pays $35 Million in Stanford Ponzi Suit; Proskauer Faces New Class Action
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Madoff Trustee Nearing His First Judgment after Seven Years of Litigation
Madoff’s ‘net winners’ have their backs against the wall in fraudulent transfer suits.
Commercial Fraud/International
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Madoff Investor’s Suspicion of Fraud Does Not Generate Greater Liability
The right paper trail helps avoid liability for profiting from a Ponzi scheme.
Auditors of a Ponzi Scheme Are Exonerated in the Ninth Circuit
Be sure to issue a qualified report when auditing a Ponzi scheme.
Court:
Tim Blixseth Making Law on Extended Jailing for Civil Contempt
Is one year’s jailing too long for civil contempt? Evidently not in Montana.
Court:
Madoff Trustee Beats Back Another End Run Around $7.2 Billion Settlement
Someone who pays $7.2 billion is entitled to a court’s sympathy and protection.
Securities Fraud Judgment Is Automatically Nondischargeable, Circuit Says
Tenth Circuit slams securities fraudsters already nailed with default judgments.
Court:
Madoff ‘Net Equity’ Method Was Properly Applied to Inter-Account Transfers
Madoff trustee’s newest appellate victory again disregards fictitious profits.