Below is a WSJ article about our firm’s $20.6 million FINRA arbitration award against Goldman Sachs related to the Bayou hedge fund fraud. It is the largest arbitration award ever rendered against Goldman. The award was confirmed by Judge Rakoff of the SDNY in November 2010 and Goldman filed it’s…
Below is an On Wall Street piece about our firm’s representation of a Saudi investor in a $383 million FINRA arbitration against Citigroup Global Markets, Inc. Citigroup Aims to Stop Arbitration From Proceeding By Lorie Konish, On Wall Street October 7, 2011 A new lawsuit filed by Citigroup Global Markets…
Below is a story about CGMI’s attempt to stay a $383 million FINRA arbitration filed by our firm related to inappropriate behavior with respect to derivatives, hedge funds, and private equity transactions. Oct. 6 (Bloomberg) — A Citigroup Inc. unit sued two Saudi investors seeking to block Financial Industry Regulatory…
Sophisticated investors won a $54 million arbitration award against Citigroup Global Markets Inc. related to the MAT leveraged municipal arbitrage hedge fund. It is by far the largest FINRA award rendered against Citi related to MAT. The award in the matter named Hosier v. Citi also includes $17 million in…
A Florida FINRA panel awarded $6.4 million to an investor in Citi’s MAT municipal bond arbitrage fund this week. It’s the largest award rendered against Citi related to its MAT and Falcon proprietary fund blow-ups. The case is Berghorse v. Smith Barney (FINRA 08-04466). Although damages claimed on the award…
Below is a New York Times piece about the Firm’s $20.6 million arbitration award against Goldman Sachs being upheld by Judge Rakoff in a sternly written opinion. DealBook – A Financial News Service of The New York Times November 30, 2010, 6:16 pm Goldman’s $20 Million Consequence By SUSANNE CRAIG…
Below is a piece by the American Lawyer. Top Story of the day. TOP STORY November 9, 2010 The Am Law Litigation Daily – Did Goldman Make Bad Gamble With Arbitration Award? Arbitration / Commercial Judge Rakoff Confirms $20.6 Million Arbitration Award Against Goldman Sachs Goldman Sachs isn’t known for…
Here is a piece from Reuters on the Firm’s recent win against Goldman Sachs. Goldman loses bid to toss record Bayou award 3:46am EST By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Monday rejected Goldman Sachs Group Inc’s bid to throw out a record $20.6 million (12.8…
Below is a piece from the NY Times’ DealBook about Judge Rakoff confirming the $20.6 million arbitration award against Goldman Sachs, the largest arbitration award ever rendered against the firm. DealBook – A Financial News Service of The New York Times November 8, 2010, 11:29 am Judge Upholds Award Against…
Below is a piece from the front page of the October 23, 2010 business section of the New York Times regarding the firm’s $20.6 million arbitration award against Goldman Sachs, the largest customer arbitration ever rendered against Goldman. DealBook – A Financial News Service of The New York Times October…