Topic: Jed Rakoff
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$405 million Madoff payoff: Judge says victims' advocate 'slept on his rights'
A federal judge blocked the trustee seeking money for Bernard Madoff's victims from interfering with New York state's $410 million settlement with Ezra Merkin, a Wall Street hedge fund manager accused of steering client money to the swindler. The settlement calls for Merkin to pay $405 million to investors over three years, and $5 million to New York State to cover fees and costs.
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Mets make deal with Madoff trustee
The settlement avoids a civil trial for the club and means they'll have to pay far less than they otherwise might.
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N.Y. Mets owners settle with Madoff trustee for $162 million (+video)
The ownership group of Major League Baseball's New York Mets has agreed to a settlement deal with the trustee trying to recoup billions of dollars in the wake of the Bernard Madoff Ponzi scheme.
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Eric Holder: Corporate fraud criminal cases coming soon
Eric Holder, the US attorney general, says his federal department continues to pursue individuals involved in corporate fraud. Eric Holder told states attorneys general fines alone aren't working.
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Judge rejects SEC deal with 'recidivist' Citigroup, calls fine 'pocket change'
Under the SEC deal, which allows Citigroup to avoid admitting wrongdoing in the sale of risky assets to investors, 'the public is deprived of ever knowing the truth,’ a US judge says.
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New York Mets ruling will delay payouts to Madoff victims
The trustee's attorney revealed at a Manhattan hearing that the a ruling limiting the team owners' exposure to $386 million will also affect other money being recovered for investors.
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New York sues Bank of America over Merrill Lynch merger
Bank of America and then-CEO Ken Lewis misled investors about the risks of acquiring Merrill Lynch, alleges a civil suit filed Thursday by New York's attorney general. The bank and the SEC, meanwhile, offer a $150 million settlement for investors over the Merrill Lynch episode.
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