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Legal News

: Lawyers and Settlements

ERISA Lawsuits Filed Following Madoff Scandal

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Philadelphia, PA: The Bernard Madoff Ponzi Scheme has made its way into the ERISA lawsuit arena, now that ERISA claims have been filed against companies that invested with Madoff. The lawsuit was filed against Austin Capital Management Ltd., following the loss of millions of dollars from a pension fund for Philadelphia-area health-care employees. More ERISA lawsuits will likely be filed in Madoff's wake as other pension funds and their investors discover that they lost millions of dollars when their managers invested with Madoff.

Full post as published by Lawyers and Settlements on February 25, 2009 (boomark / email).

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