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Join the Securities Litigation and Enforcement Group on LinkedInMadoff customers’ recovery tops 75 percent with Merkin settlement | Reuters
The court-appointed trustee liquidating Bernard Madoff’s firm on Wednesday announced a $280 million settlement with one of the swindler’s earliest investors, enabling customers to recoup more than 75 percent of the principal they lost. via Madoff customers’ recovery tops 75 percent with Merkin settlement | Reuters.
Trial begins in $20 million insider trading case over hacked press releases | Reuters
Jurors in Brooklyn federal court heard opening statements from prosecutors and from lawyers for Vitaly Korchevsky, 53, and Vladislav Khalupsky, 47, who stand accused of making close to $20 million by trading stocks based on corporate press releases stolen by hackers before they were released to the public. They face charges including securities fraud and […]