Tag Archives: good faith
Madoff victims sue his family for $45m
CityWire.co.uk – Bernard Madoff’s wife Ruth is being sued for $44.8 million (€31.9 million) by the trustee for the victims of his $50 billion Ponzi scheme. Court-appointed trustee Irving Picard is the first person to take action against Madoff’s family members, […]
Highland Fund Sued by Schulte Roth for $2.83 Million
Bloomberg – Highland Capital Management LP, the Dallas-based investment firm that’s liquidating its main hedge fund, was sued by attorneys Schulte Roth and Zabel LLP for allegedly not paying $2.83 million in legal fees. The New York-based law firm initiated […]
With Trial Looming, Fate of UBS Looks Grim
New York (HedgeCo.Net) – UBS may have until July 13 to “vigorously contest” the demands of the Internal Revenue Service to disclose the names associated with 52,000 offshore bank accounts, but the vice that the troubled Swiss bank is finding […]
NYU Granted Extension Amidst Madoff Losses
New York (HedgeCo.Net) – New York University scored a victory yesterday, when they won a court order that sought an extension on a temporary ban that would halt J. Ezra Merkin from making any more transfers with the school’s funds. […]
