Suits Against Auditors Coming In Madoff's Wake

Law360, New York (December 18, 2008, 12:00 AM EST) -- As the initial shock of Bernard Madoff's alleged $50 billion Ponzi scheme starts to fade, New York Law School has filed the first of what are expected to be many lawsuits from investors against those with links to the disgraced hedge fund manager's company.

On Tuesday, New York Law School filed a class action complaint in the U.S. District Court for the Southern District of New York alleging that Ascot Partners LP, its general partner J. Ezra Merkin and the hedge fund's auditor, BDO Seidman LLP,...
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