Wednesday, April 4, 2012
From the Wall Street Journal:
ALBANY, N.Y. — New York's top court says a divorced Manhattan lawyer is stuck with his losses from an investment with disgraced financier Bernard Madoff that tanked two years after his divorce settlement.
The Court of Appeals has rejected Steven Simkin's argument that he and ex-wife Laura Blank made a mutual mistake in valuing the $5.4 million fund that was actually "nonexistent."
Read more here.