Acted on behalf of the Chapter eleven bankruptcy Trustee for Dreier, LLP, in its chapter proceedings in the Southern District of New York (the Trustee appointed by the us Department of Justice was a Diamond McCarthy, LLP associate in its NY office). This outstanding case involved the Ponzi scheme perpetrated by lawyer Marc Dreier and is doubtless one of the largest Ponzi /fraud scheme case involving the legal career in U.S. historical past. The fraudulent scheme involves losses to hedge fund buyers and others of more than $750 million. Diamond McCarthy’s representation of the Trustee included the prosecution of many high profile lawsuits in opposition to the recipients of fraudulent transfers and preferences, typically involving authorized issues of first impression earlier than the federal courts. Other litigation arising out of the Dreier matter has involved advanced financial, banking, insurance and bankruptcy points. In addition, our representation in the case pioneered new roads challenging the complex points dealing with the intersection of criminal and civil authorities forfeiture proceedings, SEC Receivership and bankruptcy proceedings.
Skilled Legal Responsibility
If so, then the court could deem the doctor professionally responsible for medical malpractice. Represented Ernst & Young within the Regions Financial Corporation litigation filed by securities purchasers within the SDNY. The motion alleged that Ernst & Young consented to the incorporation right into a registration statement and prospectus of its audit report on the company’s materially misstated monetary statements, thus violating Section 11 of the Securities Act.
Professional Companies Firms Are Tasked Daily With Advising Their Shoppers On Delicate, Wager
Won an attraction in federal district courtroom involving sanctions entered by a federal bankruptcy court in opposition to a lawyer. The chapter courtroom was sanctioning the attorney for actions taken with respect to his illustration of a creditor in a bankruptcy continuing. Defended title insurance coverage brokers and abstractors in opposition to claims of negligence, misrepresentation and fraud related to title abstracts performed and title commitments/policies issued. The inventive employment of different or uncommon legal limitations on malpractice claims such as these found in “Good Samaritan” statutes, medical consent laws, birth-related neurological injury compensation acts, and particular statutes of limitations or injury caps. Obtained an entire protection verdict after a five-week trial representing a regional legislation firm on a declare it failed to adequately advise or shield a minority shareholder, and aided and abetted the majority shareholders in oppressive conduct. However, a malpractice concern or government investigation can impression your capability to help your shoppers and apply in your chosen area.
We are fluent within the language of our accounting, financial and valuations, which allows us work as a team and create efficiencies, enhanced work product and value for our purchasers. A substantial part of our professional legal responsibility follow is focused on accounting malpractice claims. These issues include instances alleging failure to adjust to generally accepted auditing requirements, claims introduced by plaintiffs who allege reliance on audited financial statements, and circumstances introduced by the chapter trustee of an auditing firm’s former consumer.
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