Rothstein Kass Gets OK For $1.4M Ponzi Suit Settlement

Law360, New York (May 16, 2012, 4:33 PM EDT) -- A California federal judge on Wednesday approved most of a $1.4 million settlement between auditing firm Rothstein Kass & Co. PC and a class of investors over hedge fund investments in Ponzi schemes run by Thomas J. Petters and Bernie Madoff.

U.S. District Judge William Alsup signed off on a settlement that would recover approximately $5,500 on average for each of the 168 class members that invested in Pipeline Investors LLC, Agile Sky Alliance Fund LP and Night Watch Partners LP, but he rescinded approval for...
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