A New Jersey appeals court ruled Tuesday that a victim of Reed Slatkin's Ponzi-type scheme cannot pursue a malpractice claim against his law firm, which allegedly helped him conceal the fraud during an SEC probe. The court said the judge who dismissed the suit used a novel but allowable analysis in applying the doctrine of forum non conveniens, based in part on his view that a New Jersey fact-finder should not decide whether Bryan Cave conformed to ethics rules in California, where it represented Slatkin.
September 30, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Before Bernard Madoff, there was Reed Slatkin, a California investor to the stars, who bilked hundreds of clients out of more than $200 million using a Ponzi-type scheme.
A New Jersey appeals court ruled Tuesday that one of Slatkin’s victims cannot pursue a malpractice claim against his law firm, Bryan Cave, which allegedly helped him conceal the fraud during an SEC investigation.
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