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Legal Opinion

In Re Optimal U.S. Litigation

District Court, S.D. New York

Decided August 26, 2011No. 10 Civ. 4095(SAS)PublishedCited by 41 opinions

1Opinion of the Court

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

This putative class action arises out of Plaintiffs’ investment in the Optimal Strategic U.S. Equity fund (“Optimal U.S.” or the “Fund”), which in turn invested one-hundred percent of its assets with Bernard L. Madoff (“Madoff’) and his firm, Bernard L. Madoff Investment Securities LLC (“BMIS”). Plaintiffs allege that Defendants failed to conduct adequate diligence regarding Madoff, ignored “red flags” that should have alerted them to Madoffs fraud, and made misstatements and omissions in connection with the sale of Optimal…

2Cases cited42 opinions

  1. Bruce C. Shrader v. Csx Transportation, Inc.Court of Appeals for the Second Circuit · 1995
  2. Robert J. McCarthy v. John Manson, Commissioner of Corrections of the State of ConnecticutCourt of Appeals for the Second Circuit · 1983
  3. Briarpatch Limited, L.P., Gerard F. Rubin v. Phoenix Pictures, Inc., Michael Medavoy, Geisler Roberdeau, Inc., Terence MalickCourt of Appeals for the Second Circuit · 2004
  4. In Re: Sharp International Corp. & Sharp Sales Corp., Debtors. Sharp International Corp., Debtor-Appellant v. State Street Bank and Trust CompanyCourt of Appeals for the Second Circuit · 2005
  5. Kaufman v. CohenAppellate Division of the Supreme Court of the State of New York · 2003

37 more not listed; retrieve them via the Exa API.

3Cited by41 opinions

  1. Picard Ex Rel. Liquidation of Bernard L. Madoff Investment Securities LLC v. Madoff (In Re Bernard L. Madoff Investment Securities LLC)United States Bankruptcy Court, S.D. New York · 2011
  2. In re Optimal U.S. LitigationDistrict Court, S.D. New York · 2011
  3. Carney v. Horion Investments Ltd.District Court, D. Connecticut · 2015
  4. Carney v. LopezDistrict Court, D. Connecticut · 2013
  5. Hosking v. TPG Capital Management, L.P. (In re Hellas Telecommunications (Luxembourg) II SCAUnited States Bankruptcy Court, S.D. New York · 2015

36 more not listed; retrieve them via the Exa API.

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