SEC Not Liable for Missing Bernie Madoff Scheme: Court
April 10, 2013 – Media Mention
ABC News reported on the Second U.S. Circuit Court of Appeals decision to uphold a lower court's rejection of claims by a number of defrauded Madoff investors. The article quotes Herrick, Feinstein Partner Howard Elisofon who said, "We recognized that challenging the SEC would be difficult but this was a case that needed to be fought. We believe that our clients were wronged (both by Madoff and the SEC) and their rights needed to be vindicated."