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Legal News

: Legal Pad | LA

Plaintiff gives up the Chais

By Richard Binder

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A Los Angeles woman who lost millions of dollars after investing funds through Stanley Chais, alleged to have funneled those funds to Bernard L. Madoff, has voluntarily dismissed her class action against the California investment manager.

Daphne Brogdon filed a stipulation on July 9 to dismiss her suit, two months after the bankruptcy trustee of Madoff's money management firm filed suit against Chais, arguing that he should have known Madoff's accounts were part of a fraud.

About a half-dozen other suits are pending in Los Angeles against Chais.

Full story at NLJ.com.

Full post as published by Legal Pad | LA on July 13, 2009 (boomark / email).

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