PDA

View Full Version : $90 bn answer: Rakoff says Picard has no standing in bank suits - Thomson Reuters New



FraudNews
07-29-2011, 02:04 AM
http://nt1.ggpht.com/news/tbn/caeY6-QZRolLXM/0.jpg
MiamiHerald.com (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHxvXMnENjKftgqWVs5rPB8J_7CqA&url=http://www.miamiherald.com/2011/07/28/2335348/ny-trustee-almost-half-of-madoff.html)


$90 bn answer: Rakoff says Picard has no standing in bank suits (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHo_kz7x9XaACeOaixzJN3pvf8SBg&url=http://newsandinsight.thomsonreuters.com/New_York/News/2011/07_-_July/$90_bn_answer__Rakoff_says_Picard_has_no_standing_ in_bank_suits/)
Thomson Reuters News & Insight
Rakoff so thoroughly rejected each and every one of Picard's arguments for why he had the right to bring common law fraud claims against HSBC and UniCredit that the judge didn't even cite much legal precedent through the first half of the ruling. ...
Madoff trustee set back in lawsuits vs banks (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGugL0PVv0ibosy1PPFzjcT0W90HQ&url=http://www.reuters.com/article/2011/07/28/madoff-idUSN1E76R1YD20110728)Reuters
Madoff 'feeder funds' agree $1 bn settlement (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEz2NcJqwrWBen900G6vDUHc3PxIQ&url=http://www.google.com/hostednews/afp/article/ALeqM5g_XqoJK62YMB9tSlXZCr5xXr-tTA?docId%3DCNG.257ca886195e82c183202f64ad9ed6e5.8 a1)AFP
Madoff victims get another $1bn (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEfUJn6TZ7g-JYUW-YyUK_mhVQ2YA&url=http://www.bbc.co.uk/go/rss/int/news/-/news/business-14336043)BBC News
Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG_NLmhbWEXeLSSdPxPfTp7ailWwQ&url=http://www.bloomberg.com/news/2011-07-28/picard-common-law-claims-against-hsbc-tossed-by-judge-rakoff.html) -Insurance News Net (press release) (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHDUs5fT8wC7_uRv-VM4UbAuYrE-w&url=http://insurancenewsnet.com/article.aspx?id%3D270642%26type%3Dnewswires)
all 241 news articles » (http://news.google.co.za/news/more?pz=1&jfkl=true&ned=en_za&ncl=dWE6YNTaxpoVQzM5hBL1Lnk31XL9M)





More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHo_kz7x9XaACeOaixzJN3pvf8SBg&url=http://newsandinsight.thomsonreuters.com/New_York/News/2011/07_-_July/$90_bn_answer__Rakoff_says_Picard_has_no_standing_ in_bank_suits/)