Holland & Knight To Pay $25M To Settle Nadel Ponzi Charges

Law360, New York (August 29, 2012, 3:34 PM EDT) -- Holland & Knight LLP will pay $25 million to settle charges that it helped hedge fund manager Arthur Nadel pull off his $168 million Ponzi scheme, according to a settlement approved by a Florida judge Wednesday.

Judge Richard A. Lazarra gave his blessing to the settlement, in which the law firm will pay $25 million to Burton W. Wiand of Wiand Guerra King PL, the receiver appointed by the U.S. Securities and Exchange Commission to recover lost funds, in exchange for a release from liability. The...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Nadel et al

Case Number



Florida Middle

Nature of Suit



Richard A. Lazzara

Date Filed

January 21, 2009

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.