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O'Dell v. Berkshire Bank

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Case Number:

5:24-cv-00652

Court:

New York Northern

Nature of Suit:

Multi Party Litigation:

Class Action

Judge:

Firms

Companies

Berkshire Hills Bancorp Inc.

Sectors & Industries:

Financial
- Northeast Banks

October 31, 2024
Berkshire Bank Escapes Claims It Aided $90M Ponzi Scheme

A New York federal judge on Thursday freed Berkshire Bank from a proposed class action that alleged it helped a local businessman's $90 million Ponzi scheme for roughly a decade, saying an investor in a fund central to the scheme didn't show the bank had actual knowledge of the fraud.
July 19, 2024
Berkshire Bank Says It's Not At Fault For $90M Ponzi Scheme

Berkshire Bank asked a New York federal judge to toss a proposed class action seeking to hold it liable for providing financial services to a bankrupt local business person whom the investor accused of operating a $90 million Ponzi scheme, saying the investor does not show Berkshire did anything more than provide routine banking services.
May 14, 2024
Berkshire Bank Sued For Customer's Alleged $90M Ponzi

Massachusetts-based Berkshire Bank is facing a proposed class action brought by an investor seeking to hold the bank liable for providing financial services to a bankrupt local business person whom the investor has accused of operating a $90 million Ponzi scheme.