Reuters reports that a Madoff feeder fund has sued its own auditors, "Maxam Absolute Return Fund LP, a hedge fund, on Friday said it filed a lawsuit against auditors Goldstein Golub Kessler LLP and McGladrey & Pullen LLP to recover losses suffered by its investors in investments held by Bernard L. Madoff Investment Securities LLC." Click here to see the docket.
The Daily Deal's DealScape blog keeps us up to date on how many banks have gone to that big vault in the sky (31).
The Corporate Counsel blog notes the publication of the adopting release for the XLBR rules and offers a guide on what to do now.
The Deal Professor offers an examination of how Bernie Madoff exposed the "Myth of the Sophisticated Investor."
Securities Docket has posted SEC Director of Enforcement Linda Chatman Thomsen's written testimony before the Senate Banking Committee about the merry Madoff mess.
Friday links: not taking enough risk
20 hours ago
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