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Bankruptcy judge approves first payouts to Madoff victims
Judge Burton Lifland of the US Bankruptcy Court for the Southern District of New York approved the first settlement payments to victims of the $65 billion Bernard Madoff Ponzi scheme, sending payments of approximately $200,000 to 1,224 claimants o (More) |
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Madoff payroll manager pleads guilty to involvement in Ponzi fraud
Eric Lipkin, payroll manager for Bernard L Madoff Investment Securities LLC, pleaded guilty on Monday to six criminal counts in the US District Court for the Southern District of New York related to his involvement in a Ponzi scheme that defraude (More) |
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Bankruptcy judge approves $7.2 billion settlement with Madoff client
A US bankruptcy judge approved a historic settlement on Thursday with the estate of Jeffry Picower, a friend and investor of fraudulent financier Bernard Madoff . As part of the approved settlement, Picower's widow, Barbara, has agreed to forfeit a (More) |
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Madoff trustee files nearly 60 lawsuits to recover money for victims
Irving Picard, the trustee charged with recovering money for the victims of the Bernard Madoff scandal, has filed close to 60 lawsuits in the past three weeks attempting to recover more than $40 billion from numerous banks, hedge funds and individu (More) |
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For the Sake of Fair and Speedy Trials: A Confirmation Plea
JURIST Guest Columnist Carl Tobias of the University of Richmond School of Law says that in order for the US Court of Appeals for the Second Circuit to function properly, the Senate must confirm Judge Denny Chin as soon as possible after returning fr (More) |
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ACLU weighing program cuts as largest anonymous donor reduces contribution
The American Civil Liberties Union (ACLU) [advocacy website; JURIST news archive] announced Wednesday that its largest anonymous donor will be sharply cutting donations next year in light of the current economic crisis. The ACLU released a statemen (More) |
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FBI charges 14 more in Galleon Group insider trading scandal
Federal authorities have filed charges against 14 people in connection with insider trading at the hedge fund company Galleon Group , weeks after the arrest of the company's founder. An investigation by the FBI allegedly revealed more than $20 (More) |
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House finance committee approves investor protections bill
The US House of Representatives Financial Services Committee on Wednesday voted 41-28 [press release; record vote, PDF] for passage of the Investor Protection Act . Among the regulations included in the bill are an enhancement of powers for the Sec (More) |
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Former Madoff accountant pleads guilty to fraud charges
Former outside accountant for Bernard Madoff , David Friehling , pleaded guilty [plea agreement, PDF; DOJ press release, PDF] Tuesday to fraud charges in the US District Court for the Southern District of New York . Despite his guilty plea, Friehlin (More) |
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US hedge fund founder denies insider trading allegations
Galleon Group hedge fund founder Raj Rajaratnam [Financial Times profile] denied any wrongdoing Sunday, promising to fight charges brought against him in one of the US government's largest insider trading cases to date. Rajaratnam was arrested (More) |
Women lawyers allowed to practice before US Supreme Court
On February 15, 1879, President Rutherford B. Hayes signed legislation allowing women to be admitted to practice before the United States Supreme Court. Belva Lockwood became the first woman admitted to practice under the new law on March 3, 1879.
Learn more about Belva Lockwood.
