Law360, New York (May 19, 2011, 6:37 PM EDT) -- Accounting firm BDO Seidman LLP should be liable for the $40 million that real estate and media mogul Mortimer Zuckerman and his charity invested in a Bernard Madoff feeder fund, Zuckerman's attorney told a New York appeals court Thursday.
Zuckerman, the chairman of real estate investment trust Boston Properties Inc. and publisher of the New York Daily News, invested $25 million on behalf Mortimer Zuckerman Charitable Remainder Trust with J. Ezra Merkin's Ascot Fund Ltd. in July 2006. At the same time, Zuckerman invested another $15 million with a second Merkin fund, Gabriel Capital Partners LLP.
But Merkin hid from investors...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!