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USA - March 27 2013
In the United States, the year 2012 was notable for the intersection of criminal cases and the art and cultural property world, rather than the more…
USA - July 13 2012
In a closely watched case brought by the Securities and Exchange Commission ("SEC") against the Securities Investor Protection Corporation ("SIPC") in the United States District Court for the District of Columbia—the first of its kind in the 42-year history of SIPC—the District Court, in a decision issued on July 3, 2012, sided with SIPC, declining to issue an order forcing SIPC to provide coverage for the victims of the multi-billion dollar Stanford Ponzi scheme.
USA - April 30 2012
Even if you don't follow baseball, you probably know the recent saga involving former baseball pitching great Roger "the Rocket" Clemens.
USA - March 27 2012
A federal judge last week ordered a former Morgan Stanley portfolio manager convicted of insider trading to pay the bank more than $10 million in restitution to compensate it for legal fees and related costs it paid as a result of the defendant's criminal conduct.
USA - August 23 2011
In a decision that was not surprising but nevertheless disappointing, the U.S. Court of Appeals for the Second Circuit recently affirmed the order of the U.S. Bankruptcy Court concluding that the “net equity” calculation for distributions back to Madoff victims should be based on the Net Investment Method, the total of actual deposits and withdrawals, and not the last statement amount listed on the final brokerage account statement.
