The same day Madoff liquidation trustee Irving Picard of Baker & Hostetler reached a $1 billion settlement with one of the Ponzi fraudster's biggest feeder funds, Manhattan federal district court judge Jed Rakoff eviscerated Picard's multibillion suits against HSBC and UniCredit SpA.
Cleary, Skadden Win Huge Victory for Bank Clients as Rakoff Rejects Picard's Common Law Claims
July 28, 2011
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