Pharma Investments, Ventures & Law Weekly
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Hagens Berman Sobol Shapiro Llp
Hagens Berman Sobol Shapiro Files Class-Action Lawsuit Against Bernard Madoff, Continues to Investigate Feeder Funds
January 4th, 2009
Hagens Berman Sobol Shapiro LLP yesterday filed a class-action lawsuit in the United States District Court for the Central District of California on behalf of individuals and groups that invested capital in Bernard Madoff Investment Securities (BMIS) through Stanley Chais (Chais), or the Brighton Company, one of the many alleged feeder funds by Chais. The lawsuit claims Bernard Madoff and other defendants engaged in a Ponzi scheme, defrauding investors of billions of dollars. The suit alleges defendants fraudulently paid returns to certain investors out of principle received from others. The lawsuit claims the result is $50...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-04)
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