Legal Opinion
In re Optimal U.S. Litigation
District Court, S.D. New York
Decided December 21, 2011No. 10 Civ. 4095(SAS)PublishedCited by 23 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 and his firm, Bernard L. Madoff Investment Securities LLC (“BMIS”). Plaintiffs allege that defendants failed to conduct adequate diligence regarding Ma-doff, ignored “red flags” that should have alerted them to Madoffs fraud, and made misstatements and omissions in connection with the sale of Optimal U.S.…
2Cases cited62 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Gulf Oil Corp. v. GilbertSupreme Court of the United States · 1947
- Piper Aircraft Co. v. ReynoSupreme Court of the United States · 1982
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
57 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- 2002 Lawrence R. Buchalter Alaska Trust v. Philadelphia Financial Life Assurance Co.District Court, S.D. New York · 2015
- King County v. IKB Deutsche Industriebank AGDistrict Court, S.D. New York · 2012
- Levy v. MaggioreDistrict Court, E.D. New York · 2014
- Dodona I, LLC v. Goldman, Sachs & Co.District Court, S.D. New York · 2012
- De Sole v. Knoedler Gallery, LLCDistrict Court, S.D. New York · 2015
18 more not listed; retrieve them via the Exa API.