NY appeals court puts stop to Madoff SEC lawsuit
April 10, 2013 – Media Mention
The Associated Press covered the decision by the Second U.S. Circuit Court of Appeals to uphold a lower-court decision to dismiss suits brought by Bernard Madoff's investors against the SEC for failing to uncover his massive Ponzi scheme. The article notes that Herrick, Feinstein, which represented a group of investors, believed the investors were wronged both by Madoff and the SEC and their rights needed to be vindicated. Herrick Partner Howard Elisofon said, "We recognized that challenging the SEC would be difficult, but this was a case that needed to be fought."