A federal judge on Wednesday endorsed a proposed settlement in which Holland & Knight and one of its partners will pay $25 million to settle claims filed by hedge-fund investors duped by Sarasota Ponzi schemer Arthur Nadel.

U.S. District Judge Richard Lazzara in Tampa signed off on the proposal a day after the law firm and Burton Wiand, the court-appointed receiver for the hedge funds, announced the deal, which contains no admission of wrongdoing by the firm.

This content has been archived.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

Why am I seeing this?

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]