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Irving Picard, The Man With the Thankless Job of Pursuing Billions Lost in Madoff Fraud (WSJ)

Devoutly anonymous, Irving Picard, the 69-year-old career bankruptcy attorney unraveling history’s biggest Ponzi scheme, has nonetheless assumed a larger-than-life profile. He has attacked institutions from J.P. Morgan Chase & Co. to the New York Mets, and angered some victims of Bernard Madoff in pursuit of the billions lost in the fraud. Read more

After Morrison, Recoveries for Non-U.S. Investors under the Dutch Collective Settlements Act?

A recent announcement involving prior Dutch settlements underscores that efforts to obtain recoveries outside the U.S. on behalf of non-U.S. investors have actually been underway for some time. The settlements show how parallel (or at least sequential) proceedings can resolve the claims of both U.S. and non-U.S. investors, respectively. These procedures, which have been used […]