March 18, 2013
A New York federal judge on Friday signed off on a $219 million settlement resolving several lawsuits surrounding a Bank of New York Mellon Corp. unit's role in the Bernard Madoff Ponzi scheme, but put off ruling on a contentious $41 million fee request from attorneys.
March 04, 2013
Attorneys for a class of investors on Friday slammed New York Attorney General Eric Schneiderman's objection to a $41 million fee request in a joint $219 million settlement over an investment firm's role in the Bernard Madoff Ponzi scheme, saying Schneiderman was undervaluing the work of private counsel.
November 13, 2012
Ivy Asset Management LLC has agreed to pay $210 million to end a barrage of government, investor and pension suits claiming the Bank of New York Mellon Corp.-owned investment adviser put profits ahead of clients by hiding glaring concerns about Bernard Madoff's operations, plaintiffs said Tuesday.
May 03, 2012
A New York federal judge on Thursday certified a class of employee benefit plans alleging investment firms J.P. Jeanneret Associates Inc. and Ivy Asset Management LLC breached various fiduciary duties by putting $227 million in pension funds into Bernard L. Madoff's Ponzi plan.
March 14, 2012
A New York federal judge on Wednesday certified several classes and subclasses of investors that alleged several investment firms, including Ivy Asset Management LLC, channeled hundreds of millions of dollars in union pension funds to imprisoned fraudster Bernard L. Madoff.
November 23, 2011
A New York magistrate judge on Tuesday appointed a special master to iron out various discovery disputes in consolidated class actions accusing several investment firms of negligently funneling hundreds of millions of dollars in pension funds to imprisoned fraudster Bernard L. Madoff.
September 26, 2011
A New York federal judge refused Monday to dismiss a pair of complaints against Ivy Asset Management LLC brought by classes of retirement plan investors who say the company negligently invested $227 million of their nest eggs with imprisoned fraudster Bernard L. Madoff.