We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Lawyers Could Face Madoff Liability Claims

Law360 (March 27, 2009, 12:00 AM EDT) -- Law firms that advised victims of financial fraudster Bernard L. Madoff could be on the hook for failing to properly counsel their clients, the top securities regulator for Massachusetts said Friday.

Secretary of State William Galvin said while he was not taking action against any firms, some Massachusetts-based investors had indicated they were considering claims against attorneys who advised them on their portfolios.

Galvin, whose office received a flood of calls from potential Madoff victims after he was arrested by federal authorities on Dec. 11, said...
To view the full article, register now.
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.