Atty's Widow Sues SEC Over Madoff Fraud

Law360, New York (March 14, 2011, 3:19 PM EDT) -- The widow of a name partner at a firm now part of Hogan Lovells accused the U.S. Securities and Exchange Commission in New York federal court Thursday of dropping the ball on Bernard L. Madoff's infamous Ponzi scheme.

Anne Strickland Squadron, the widow of Squadron Ellenoff Plesent & Sheinfeld's Howard Squadron, lost $26 million in the Madoff scheme, which the SEC should have stopped long before it unraveled in 2008, according to a complaint filed in the U.S. District Court for the Southern District of New...
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