Madoff Trustee Sues In NY To Halt Fla. Class Actions

Law360, New York (March 11, 2014, 3:12 PM EDT) -- The trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC’s estate filed suit Tuesday against several individuals who launched class actions in Florida federal court to recover certain Madoff-related damages, saying they are violating an order barring them from pursuing the litigation.

Securities Investor Protection Act trustee Irving Picard argued in his complaint that the named plaintiffs in the Florida actions — Susanne Stone Marshall, Adele Fox, Marsha Peshkin, Russell Oasis, A&G Goldman Partnership and Pamela Goldman — are continuing to pursue putative class...
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.