Madoff Trustee, Calif. AG Enter Talks Over Right To Sue

Law360, New York (July 18, 2012, 3:19 PM EDT) -- The trustee liquidating Bernard L. Madoff's investment firm and California Attorney General Kamala Harris, fighting over her right to sue an investment manager linked to the Ponzi scheme, agreed to begin mediation following a court hearing Wednesday in the $489 million dispute.

After an in-chambers conference with U.S. Bankruptcy Judge Burton R. Lifland, who oversees the liquidation case of Bernard L. Madoff Investment Securities LLC, the parties agreed to enter mediation in a bid to negotiate through their differences. They are set to come before the...
To view the full article, register now.

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.