We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In a speech before the New York City Bar Association on October 20, Preet Bharara, the United States Attorney for the Southern District of New York, warned that a Department of Justice initiative aimed at combating insider trading was in full gear
Given the overarching Madoff Ponzi scheme as well as other mini-Madoff schemes that surfaced in its wake, many have been following issues arising from the ability of a trustee to claw back transfers (either as preferential or as fraudulent transfers) from investors who redeemed their interests in a private investment fund or managed account that turned out to be a Ponzi scheme
The Delaware Supreme Court has, for the first time, explicitly held that officers of a Delaware corporation owe the same fiduciary duties to the corporation as do its directors
