madoff litigation

"Officer, Arrest that Bank Account!" and Other Interesting Picower Settlement Details

Kevin LaCroix
December 20, 2010 08:11

Even after two years, the Madoff scandal continues to fascinate. Following close on the heels of last week’s news of Mark Madoff’s tragic suicide is the absolutely arresting news of Jeffry Picower’s estate’s $7.2 billion settlement with the U.S. government – to be...

Madoff, Stanford and Hitler -- All in One Blog Post!

April 26, 2010 08:52

Madoff Investor Lawsuit Against the SEC Dismissed: In an April 20, 2010 order (here), Central District of California Judge Stephen V. Wilson granted the motion of the SEC to dismiss the suit brought against the agency by Madoff investors’ under the Federal Tort Claims...

Madoff-Related Derivative Suit Survives Dismissal Motion in New York Court

March 15, 2010 01:01

In a March 12, 2010 order (here) in a Madoff-related derivative suit, the New York (Nassau County) Supreme Court, applying New York law, substantially denied defendants’ motion to dismiss, holding among other things that demand was excused. As far as I am aware, this is the first...

Madoff Feeder-Fund Survives Dismissal Motion

March 09, 2010 10:12

An astonishing amount of litigation followed in the wake of the Madoff scandal revelations, as I have detailed here. But thought the litigation filings have surged, the question remains whether the plaintiffs’ desperate attempts to recover their losses from third parties have any chance of...

Now, Here's Something: Homeowners' Insurance Coverage for Madoff Losses?

Kevin LaCroix
August 20, 2009 09:37

Could Madoff-related losses be insured under a homowners’ insurance policy? That is what is claimed in a class action complaint filed on August 19, 2009 in the Southern District of New York by Robert and Harlene Horowitz against their homeowners’ insurer and related entities. Their...