Victims of Madoff fraud can’t sue SEC -U.S. appeals court

April 10, 2013 – Media Mention
In an article about the decision by the U.S. Court of Appeals for the Second Circuit 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 it is noted that Herrick, Feinstein represented investors Phyllis Molchatsky and Steven Schneider. Herrick Partner Howard Elisofon was quoted saying he "recognized that challenging the SEC would be difficult, but this was a case that needed to be fought."