Hedge Fund Firm Faces MDL Over Madoff Losses

Law360, New York (October 26, 2009, 6:55 PM EDT) -- A federal judge has tapped Coughlin Stoia Geller Rudman & Robbins LLP and Hagens Berman Sobol Shapiro LLP to serve as co-lead counsel in multidistrict litigation accusing KeyCorp’s investment management subsidiary of blindly sluicing millions of dollars into the Madoff Ponzi scheme.

On Thursday, Judge Thomas P. Griesa of the U.S. District Court for the Southern District of New York signed off on an order consolidating numerous class actions alleging Austin Capital Management Ltd. violated the Employee Retirement Income Security Act when imprudently investing with Bernard...
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