A Florida FINRA panel awarded $6.4 million to an investor in Citi’s MAT municipal bond arbitrage fund this week. It’s the largest award rendered against Citi related to its MAT and Falcon proprietary fund blow-ups. The case is Berghorse v. Smith Barney (FINRA 08-04466). Although damages claimed on the award…
Rich & Intelisano recently won a FINRA arbitration award which included $100,000 in punitive damages. The case is Stora, et al. v. Strasbourger, Pearson et al. (FINRA 09-01769). We represented a group of investors who were defrauded by a broker dealer and its registered representatives. Matthew Woodruff of our office…
Below is a CNBC guest blog by Ross Intelisano on the two year anniversary of Madoff’s arrest. Madoff Two Years Later – It’ll Never Be the Same by Ross B. Intelisano – Rich & Intelisano, LLP December 11, 2008 started like a typical year-end work day. Then the phone rang…
Below is a New York Times piece about the Firm’s $20.6 million arbitration award against Goldman Sachs being upheld by Judge Rakoff in a sternly written opinion. DealBook – A Financial News Service of The New York Times November 30, 2010, 6:16 pm Goldman’s $20 Million Consequence By SUSANNE CRAIG…
Below is an AP article regarding insider trading which quotes Ross Intelisano. Probe leads investors to wonder: Is game rigged? By RACHEL BECK, BERNARD CONDON and PALLAVI GOGOI, AP Business Writers Rachel Beck, Bernard Condon And Pallavi Gogoi, Ap Business Writers Wed Nov 24, 4:13 pm ET NEW YORK –…
On Wednesday, November 10, 2010, Judge Lifland approved an order outlining the procedures for the soon to be filed Madoff clawback lawsuits. Lax & Neville, LLP, along with other law firms, opposed the Trustee’s motion and asked the Court to stay all proceedings until the Second Circuit ruled on the…
Below is a piece by the American Lawyer. Top Story of the day. TOP STORY November 9, 2010 The Am Law Litigation Daily – Did Goldman Make Bad Gamble With Arbitration Award? Arbitration / Commercial Judge Rakoff Confirms $20.6 Million Arbitration Award Against Goldman Sachs Goldman Sachs isn’t known for…
Here is a piece from Reuters on the Firm’s recent win against Goldman Sachs. Goldman loses bid to toss record Bayou award 3:46am EST By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Monday rejected Goldman Sachs Group Inc’s bid to throw out a record $20.6 million (12.8…
Below is a piece from the NY Times’ DealBook about Judge Rakoff confirming the $20.6 million arbitration award against Goldman Sachs, the largest arbitration award ever rendered against the firm. DealBook – A Financial News Service of The New York Times November 8, 2010, 11:29 am Judge Upholds Award Against…
Below is a piece from the front page of the October 23, 2010 business section of the New York Times regarding the firm’s $20.6 million arbitration award against Goldman Sachs, the largest customer arbitration ever rendered against Goldman. DealBook – A Financial News Service of The New York Times October…