Judge Certifies Classes In Madoff-Linked Funds Suits

Law360, New York (March 14, 2012, 8:06 PM EDT) -- A New York federal judge on Wednesday certified several classes and subclasses of investors that alleged several investment firms, including Ivy Asset Management LLC, channeled hundreds of millions of dollars in union pension funds to imprisoned fraudster Bernard L. Madoff.

U.S. District Judge Leonard B. Sand approved a class and a subclass to litigate claims brought under the the Securities Exchange Act of 1934 or the Investment Advisers Act of 1940, and another class and subclass to litigate claims brought under the Employee Retirement Income Security...
To view the full article, register now.




Case Information

Case Title

IN RE: Beacon Associates Litigation

Case Number



New York Southern

Nature of Suit



Leonard B. Sand

Date Filed

January 26, 2009

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.