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Dawn Smalls Returns To Boies, Schiller & Flexner As Partner

NEW YORK, Feb. 26, 2015/ PRNewswire/-- Dawn L. Smalls, a lawyer with experience across law, government, politics, and philanthropy, has returned to Boies, Schiller& Flexner as a partner. From 1998 to 2000, she served as Assistant to White House Chief of Staff John Podesta and as a Special Assistant in the Office of Management and Budget. Smalls was an associate at Boies,...
Source: PR Newswire
BakerHostetler to Host FTC Commissioners at Section 5 Symposium

Joshua D. Wright, Commissioner, Federal Trade Commission, Keynote Speaker The Hon. Maureen K. Ohlhausen, Commissioner, Federal Trade Commission The Hon. Terry Calvani, former Commissioner, Federal Trade Commission, and now Of Counsel, Freshfields Bruckhaus Deringer LLP Deborah L. Feinstein, Director of Federal Trade Commission Bureau of Competition Jessica L....
Source: PR Newswire
US appeals court decision may speed new payout to Madoff victims

NEW YORK, Feb 20- Victims of Bernard Madoff's massive fraud are not entitled to inflation or interest adjustments on their claims, a federal appeals court ruled on Friday, in a decision that could speed the return of more than $1 billion to the swindler's former customers. Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, said he...
Source: Reuters | By: Jonathan Stempel
Court: No inflation pay on recovered funds of Madoff victims

The inflation adjustment argument was supported by the Securities and Exchange Commission in December 2009 before the House of Representatives Subcommittee on Capital Markets and again more recently before a bankruptcy judge, though the SEC did not submit arguments to the appeals court. The appeals panel noted that lawyers for the Securities Investor...
Source: The Associated Press
BakerHostetler Files Copyright Infringement Complaints for Freeplay Music against Multi-Channel Networks

NEW YORK, Feb. 17, 2015/ PRNewswire/-- BakerHostetler today filed three complaints in the United States District Court for the Southern District of New York seeking to put an end to the practice of certain multi-channel networks that exploit music without authorization and without compensating copyright owners. The complaints allege that the following MCNs...
Source: PR Newswire
INSIGHT-JPMorgan's new approach to probing suspect transactions sparks internal friction

ST. LOUIS/ WASHINGTON, Feb 12- Clashes over strategy within JPMorgan Chase& Co's compliance operations have led to the departure of a series of managers in the past year, according to three of those who have left. The moves are being watched closely by the rest of Wall Street and could be adopted more widely if JPMorgan is successful in keeping compliance costs under...
Source: Reuters | By: Brett Wolf and Aruna Viswanatha
SIPC: Distributions To Madoff Customers Now Covering 54 Percent Of Losses

SIPC President and CEO Stephen P. Harbeck said: "The excellent results to date show that the Bankruptcy Code and the Securities Investor Protection Act give the Trustee the ability to recover assets for the investors who lost their funds in this financial tragedy. SIPC supports the Trustee fully in his efforts to maximize the returns to the victims. "
Source: PR Newswire
Payout to Madoff victims tops $7.2 bln

NEW YORK, Feb 9- The trustee liquidating Bernard Madoff's firm on Monday said he is distributing another $355.8 million to the swindler's victims, bringing the total payout to more than $7.2 billion. Irving Picard, the trustee, said the payout began on Feb. 6, and covers claims by fraud victims with 1,077 accounts at the former Bernard L. Madoff Investment...
Source: Reuters | By: Jonathan Stempel
Fifth Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commenced; Totals Approximately $355.8 Million

Press release from the office of Irving H. Picard, SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. Irving H. Picard, Securities Investor Protection Act Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, said today that the fifth pro rata interim distribution of recoveries from the Customer Fund to...
Source: Business Wire
It's hard to mourn the loss of CME pits

Scott Cohn has fond memories of reporting from the CME pits. But, it's hard to mourn them. It's time to move on.
Source: CNBC.com | By: Scott Cohn