Firms Urge Separate Counsel In Madoff Feeder Suits

Law360, New York (November 17, 2009, 1:41 PM EST) -- Chafing at consolidation, New York Law School and other plaintiffs suing hedge fund manager J. Ezra Merkin for handing billions of dollars over to Bernard L. Madoff are struggling to convince the court to distinguish among the allegedly mismanaged funds and appoint separate counsel accordingly.

On Monday, Judge Deborah A. Batts of the U.S. District Court for the Southern District of New York issued an order skeptical of two plaintiffs’ firms bid for separate counsel appointments but requested further details on why investors in Merkin’s Ariel...
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