Attorney Irving Picard reached a setback in its 6.8 billion dollar case against JPMorgan. A federal judge ruled that the case could be moved out of bankruptcy court and into a federal district court. Picard has been litigating against banks and investors that he claims enabled Bernie Madoff’s Ponzi scheme. Attorney John Savarese representing JPMorgan says that the case amounts to a “back-door class action suit.”
Read the full article here:
Similar Posts:
- Picard Dealt Blow by Federal Judge in Suit Against JPMorgan
- GM faces potential lawsuit over preferential treatment towards police cars
- Suspended LA Lawyer to Get 32 Months and Repay $41 Million in Scheme
- Music File-sharing Case Verdict Gets Reduced from $1.5 Million to $54,000
- Law Suit Filed: Hearst Corp Sued for Alleged Labor Law Violations
Leave a Reply