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, Manhattan Justice Richard B. Lowe ruled Friday.
Lowe sustained Zuckerman’s common law fraud claim, finding it alleges “misrepresentations of a present known fact — that Merkin had delegated complete control and investment discretion” of one of his hedge funds to Madoff.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
