The List: Madoff Investor and Feeder Fund Litigation
THE TABLE OF CASES LINKED BELOW WAS LAST UPDATED ON September 28, 2010.
All signs are that the collapse of Bernard Madoff’s Ponzi scheme will produce a flood of litigation. By my count, there have already been at least seven federal securities class action lawsuits against Madoff, his firm, or the "feeder firms" that invested their clients’ funds with Madoff. There have also been a number of state court lawsuits as well.
It is already difficult to keep track of the lawsuits that have been filed. In all likelihood, there will be extensive additional litigation against other feeder funds and other third party defendants, which will make it even more difficult to keep track.
In order to monitor the Madoff-related litigation in a more orderly way, I have created a table of the lawsuits that have been filed to date.
The table can be found here.
I believe the table is complete, but I welcome any additional or clarifying information that readers may wish to bring to my attention.
I will update the table as new or different lawsuits emerge. Readers are strongly encouraged to let me know about any additional litigation I may have missed or to provide me with any information necessary to make the table more accurate.
Great blog. What might be interesting would be to reproduce the various offering memorandums to see how the various sellers described their relationship Madoff
Great Blog. Good thing I always go by the principle that if the investment sounded too good to be true that it probably was.
Kevin, thanks very much for this excellent site and your good commentary. I just read the piece on BOA / the Fed. Excellent. I saw an article on Bloomberg of a lawsuit MLSMK Investors vs JP Morgan... Looking forward to your update. Many thanks!!
Two lawsuits have ben filed in the USDC, Central District of California, against Morton D. Kurzrok, based on representations he made to certain Madoff investors in his capacity as an agent/representative at Cohmad Securities. The actions are Gordon v Kurzrok, Case No. CV09-1060 SJO (AJWx), and Dichter-Mad v Kurzrok, Case No. CV09-3099 RGK (CTx)