Meister Seelig Settles Suit Over $413M 'Mini-Madoff' Scheme

Law360, New York (September 28, 2012, 7:54 PM EDT) -- The trustee overseeing the liquidation of "mini-Madoff" Nicholas Cosmo's company on Thursday said he had settled a clawback suit accusing law firm Meister Seelig & Fein LLP of helping to cover up Cosmo's $413 million Ponzi scheme.

In a letter to the Eastern District of New York, the law firm said it had agreed to pay $90,000 to the Agape World Inc. estate to settle the clawback suit, which initially requested $620,725, according to court documents.

The bankruptcy court overseeing Agape's liquidation approved the settlement earlier...
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