latest news releases from the newsroom
Sonn & Erez PLC
Sonn & Erez Attorneys Hired to Represent Victims of Bernard Madoff
FT. LAUDERDALE, Fla., Dec. 13, 2008 (GLOBE NEWSWIRE) -- The securities law firm of Sonn & Erez PLC (http://www.sonnerez.com) announces that it has been hired by victims of Bernard Madoff, the head of Bernard Madoff Securities LLC. Madoff has been charged with running what may be the largest Ponzi Scheme in Wall Street history, allegedly costing $50 billion in investment losses. Jeff Sonn, Esq. presently serves as special counsel to the SEC in a separate Ponzi Scheme case, and is lead class action counsel in another Ponzi Scheme case. In the Madoff Ponzi Scheme, Sonn will be representing both individual and institutional victims of Bernard Madoff. "There are a lot of lawyers out there, but not many who handle Ponzi Scheme cases as often as we do," added Sonn. For example, there are victims who are "net winners," those who took out more than they deposited, and "net losers," those who took out less then they deposited. "Lawyers cannot represent both 'net winners' and 'net losers' because there will be fraudulent transfer cases where the net losers are suing the net winners, either by the receiver, or in separate actions," said Sonn. "We are only representing net losers of the Madoff Ponzi scheme."
Stein & Stein, P.A.
The Attorneys of Stein, Stein & Pinsky and McCabe Rabin are Investigating Investor Losses in Bernard L. Madoff Investment Securities in Palm Beach, Florida
PALM BEACH, Fla., Dec. 13, 2008 (GLOBE NEWSWIRE) -- Following the news of the arrest of Bernard Madoff for securities fraud related to an alleged Ponzi scheme, the attorneys of Stein, Stein & Pinsky, P.A. (www.SteinPinsky.com) and McCabe Rabin, P.A. (www.McCabeRabin.com), are investigating losses that investors have suffered in Bernard L. Madoff Investment Securities, LLC. The attorneys have been informed that certain securities brokers and other third parties recommended that investors invest with Madoff. Together, the two firms will seek recovery on behalf of investors.