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Hedge Funds Appeal “Gross Injustice” Of WaMu Ruling
Funds argue opinion “rewrote the rules for these cases retroactively — invoking a series of new legal standards.”
Judge Says Hedge Funds May Have Used Inside Information
Court questions whether hedge funds used confidential information to trade in the debt of Washington Mutual.
April 7 Webcast: Prosecuting and Defending Constructive Fraudulent Transfer Claims
Please join Alan Stone, Jeff Litvak and Jack Schwager for this free webcast.
Madoff Feeder Fairfield Seeks U.S. Court Protection
Major Madoff feeder fund seeks U.S. recognition of British Virgin Islands bankruptcy case.
E&Y Shoots Back at Critics of Lehman Audit
E&Y client letter on “Repo 105″ surfaces on re: The Auditors blog.
Madoff Bankruptcy Judge Enables Immediate Appeal of Controversial Damages Calculation Order
Judge’s certification of controversial order allows immediate appeal.
Madoff Trustee Asks Court to Determine Recovery Formula
Trustee Irving Picard asks the court to determine the proper formula for compensating victims of the fraud.
Madoff Trustee Also Sues Cohmad Securities and Principals Today
The SEC is not the only one suing Cohmad Securities and several of its principals today. This afternoon, Irving H. Picard (pictured), the court-appointed trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that he had filed a complaint in bankruptcy court against Cohmad Securities Corporation and certain of its principals, [...]
KfW Bank, Please Meet iShares
Remember German state-owned bank KfW, dubbed “Germany’s dumbest bank” by the country’s largest circulation newspaper after it transferred €319m (approximately $426 million) to Lehman Brothers on September 15, the day it went bankrupt? Well, KfW, please meet San Francisco-based management investment company iShares! A class action filed May 12, 2009, in federal court in San [...]
Madoff Trustee Files Latest in Series of Lawsuits Seeking Return of Billions
The trustee overseeing the liquidation of Bernard L. Madoff Investment Securities brought a third lawsuit yesterday demanding the return of huge sums from investors that had extensive relationships with Madoff. The NYLJ reports that trustee Irving H. Picard (pictured) brought a $1.1 billion complaint on Tuesday against Harley International Ltd. claiming the firm “knew or [...]