Word: sue
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They are the second set of Masters to announce their intention to leave their posts in recent months, following Pforzheimer House's Sue and James J. McCarthy in November...
...others devastated by Madoff's $50 billion global Ponzi - people like me, who collectively may have contributed 30% to 50% of Madoff's billions under management and never heard of Madoff until a month ago - are wondering what to do and whom to sue. Currently there are 17 legal cases filed against Madoff or his feeder-fund managers, according to the D&O Diary, a legal blog following the case. Some of these suits are akin to grasping at straws. For example, my feeder-fund manager, Stanley Chais, has already said he's broke because of losses suffered with Madoff...
...effect, the unregulated funds have to regulate themselves, and if there is fraud, the only recourse is to sue the unlicensed fund manager. Those investing under the SEC's amended rules have no recourse for recovery from the system that fathered them...
PRINCE to release three albums in 2009, though he'll sue you if you try to listen to any of them...
Molski may sound extreme, but he is far from the only plaintiff who has filed hundreds of lawsuits under the ADA in California. A significant number of people who sue under the ADA have legitimate grievances and appear to be motivated by a sincere desire for access rather than monetary gain. However, according to David Warren Peters, CEO and general counsel of Lawyers Against Lawsuit Abuse, a small group of opportunists and select law firms are responsible for a huge percentage of the lawsuits. "I've seen plaintiffs that make Jarek Molski look like a Cub Scout," says Peters, whose...