Legal Opinion
Drenis v. Haligiannis
District Court, S.D. New York
Decided September 25, 2006No. 04 Civ. 9263(RJH)PublishedCited by 48 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HOLWELL, District Judge.
This action, and a related action brought by the Securities Exchange Commission, relate to the operation a hedge fund through which defendant Angelo Haligian-nis allegedly perpetrated a “Ponzi scheme,” a species of fraud whereby an investment fund that is unprofitable uses money from new investors to pay “false profits” to old investors in order to encourage further investment and sustain the scheme. Plaintiffs, certain limited partners in the hedge fund, have sued Angelo Haligiannis, the hedge fund, Sterling Wat-ters Group Limited…
2Cases cited45 opinions
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
- Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
- Eternity Global Master Fund Limited v. Morgan Guaranty Trust Company of New York and Jpmorgan Chase BankCourt of Appeals for the Second Circuit · 2004
- 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
40 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- Bear, Stearns Securities Corp. v. Gredd (In Re Manhattan Investment Fund Ltd.)District Court, S.D. New York · 2007
- Christian Bros. High School Endowment v. Bayou No Leverage Fund, LLC (In Re Bayou Group, LLC)District Court, S.D. New York · 2010
- Securities & Exchange Commission v. HaligiannisDistrict Court, S.D. New York · 2007
- Gowan v. Patriot Group, LLC (In Re Dreier LLP)United States Bankruptcy Court, S.D. New York · 2011
- Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In Re Bernard L. Madoff Investment Securities LLC)United States Bankruptcy Court, S.D. New York · 2010
43 more not listed; retrieve them via the Exa API.