January 30, 2023

PricewaterhouseCoopers agrees to $55 Million Madoff Feeder Fund settlement

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By Celia Ampel, From Daily Business Review Two PricewaterhouseCoopers divisions agreed to pay $55 million to victims of Bernard Madoff’s Ponzi scheme who invested through feeder funds. PwC Canada and PwC Netherlands were the last remaining defendants in a seven-year case brought in part by Fort Lauderdale attorneys from Boies, Schiller & Flexner. The proposed […]

Raising red card, Kirkland partner quits FIFA probe

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By Nathalie Pierrepont, From The Am Law Daily Michael Garcia is taking himself off the pitch. After two years at the helm of a high-profile probe into a controversial process that awarded the next two World Cups, the former top federal prosecutor and Kirkland & Ellis litigation partner resigned Wednesday from his role as independent […]

Two ex-Goldman Sachs employees suffer courtroom defeats

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From David Bario, The Litigation Daily Armed with lawyers from Boies, Schiller & Flexner and O’Melveny & Myers, Goldman Sachs & Co. scored back-to-back victories on Wednesday against former employees who burned their bridges with the investment banking behemoth in spectacular ways. The first victory came in Goldman’s indemnification battle with Sergey Aleynikov, the senior […]