March 15, 2019
A New York federal judge Friday awarded nearly $20 million in fees to the counsel for a class that received a $1 billion settlement for money lost through Bernard Madoff's Ponzi scheme, saying objectors to the award were rehashing rejected arguments.
February 02, 2018
A New York federal judge on Friday dismissed motions by a group of investors in Bernard Madoff's Ponzi scheme asking that a $1 billion settlement be reconsidered and that every judge in the Southern District of New York be recused for conflicts of interest, saying she's the judge who matters for the case and she has no conflicts.
September 14, 2015
A New York federal judge on Monday explained his reasoning behind approving a plan to divvy up $650 million among investors who lost money through Bernard Madoff's Ponzi scheme, adding that a request for at least $18 million in fees is "justified" by the litigation.
August 24, 2015
A New York federal judge on Monday approved a plan to allocate $623 million to investors who lost money through Bernard Madoff's Ponzi scheme after the fraud came to light in 2008.
June 09, 2015
Despite objections, a New York federal judge has approved a $75 million settlement between a Massachusetts Mutual Life Insurance Co. unit that fed funds to Bernie Madoff's investment firm and plaintiffs including a group who were readmitted to the class after withdrawing from it.
April 15, 2014
A group of investors burned by Bernard Madoff's Ponzi scheme were given a green light Monday to add state-law claims to their class action in New York federal court, marking one of the first applications of a recent U.S. Supreme Court decision that clarified when such suits aren't barred under the Securities Litigation Uniform Standards Act.
September 27, 2013
A New York federal judge on Thursday threw out engine maker Cummins Inc.'s suit alleging New York Life Insurance Co. encouraged it to invest in a feeder fund for Bernie Madoff's epic Ponzi scheme, leading to about $27 million in losses.
March 04, 2013
A federal judge on Friday rejected two plaintiffs' objections to a $100 million class settlement with Massachusetts Mutual Life Insurance Co. and its subsidiary Tremont Group Holdings Inc. over losses on the insurers' investments with Bernard L. Madoff.
January 24, 2013
A hedge fund group indirectly owned by Massachusetts Mutual Life Insurance Co. asked a New York federal court Wednesday to toss seven lawsuits that investors brought over losses from Bernard Madoff's multibillion-dollar Ponzi scheme, arguing the claims are barred by the Securities Litigation Uniform Standards Act.
September 13, 2011
Victims of Bernard L. Madoff's billion-dollar Ponzi scheme sought Monday to keep auditors Ernst & Young and KPMG LLP on the hook for some of their losses, opting to appeal a lower court's decision to dismiss the firms from the securities class action.