Bloomberg Law
July 19, 2019, 6:17 PM UTC

Madoff Victims Cleared to Sue Legal ‘Savior’ for Conflicts

Perry Cooper
Perry Cooper
Reporter

Victims of Bernie Madoff’s Ponzi scheme may proceed with their fraud class action against their attorney who held herself out as their courtroom “savior,” a federal court said July 19.

Judge Victor Marrero adopted the April 12 recommendation of Magistrate Judge James L. Cott to deny the motion to dismiss filed by Helen Chaitman’s two firms, Becker & Poliakoff LLP and Chaitman LLP.

The suit alleges Chaitman improperly represented clients with competing interests while at the two firms.

The case stems from the liquidation of Bernard L. Madoff Investment Securities LLC. Chaitman represented both net winners (who received more funds ...

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