Judge Knocks War Chest In $62.5M HSBC Madoff Deal
Judge Richard M. Berman took issue with a proposed $10 million “war chest” included in the deal that would allow lead plaintiff Neville Seymour Davis to pursue litigation against other defendants, including Bank Medici AG and its Austrian chief, Sonja Kohn.
“I don't understand why class members wouldn't want another...
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