New York Daily News publisher Mortimer B. Zuckerman may move forward with a $40 million lawsuit against J. Ezra Merkin, a hedge fund operator who allegedly handed off millions of his clients' funds to convicted swindler Bernard L. Madoff to invest, a New York judge ruled Friday. However, the judge dismissed claims by Zuckerman against BDO Seidman, which audited Merkin's Ascot fund.
Zuckerman Suit Proceeds Against Madoff Fund Operator
New York Law Journal
May 11, 2010