Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Austin Capital Management Ltd.
SAN DIEGO–(BUSINESS WIRE)–Coughlin Stoia Geller Rudman & Robbins LLP (“Coughlin Stoia”) (http://www.csgrr.com/cases/austincapital/) today announced that a class action has been commenced on behalf of institutional investors in the United States District Court for the Southern District of New York [...]
Hedge fund due diligence is one of the most important topics right now for both hedge fund managers and hedge fund investors who need to make sure they understand all aspects of a hedge fund manager’s investment program and structure. The press release below discusses a new due diligence operational group who investigates both hedge [...]
Yesterday the Senate Banking Committee held a hearing on the Madoff scandal. Those present included: Senator Christopher J. Dodd; Professor John C. Coffee, Adolf A. Berle Professor of Law, Columbia University Law School; Dr. Henry A. Backe, Orthopedic Surgeon; Ms. Lori Richards, Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission; Ms. [...]
SEC Charges Madoff Auditors With Fraud
FOR IMMEDIATE RELEASE
2009-60
Washington, D.C., March 18, 2009 — The Securities and Exchange Commission today charged the auditors of Bernard Madoff’s broker-dealer firm with committing securities fraud by representing that they had conducted legitimate audits, when in fact they had not.
Additional Materials
In its complaint filed in federal court in Manhattan, the [...]
SEC Charges Madoff Auditors With Fraud
FOR IMMEDIATE RELEASE
2009-60
Washington, D.C., March 18, 2009 — The Securities and Exchange Commission today charged the auditors of Bernard Madoff’s broker-dealer firm with committing securities fraud by representing that they had conducted legitimate audits, when in fact they had not.
In its complaint filed in federal court in Manhattan, the SEC [...]
Testimony Continually References Lack of SEC Funding
Yesterday the Senate Commission on Banking, Housing and Urban Affairs held a hearing on the Madoff scandal. Those providing testimony include an investor who was swindled by Madoff, two employees of the SEC and a law school Professor. While all testimony concerned Madoff to some extent, a few themes [...]