Zane and Rudofsky, Attorneys & Counsellors at Law. The Starrett-Lehigh Building, 601 West 26th Street, New York, NY 10001. 212-245-2222. Fax: 212-541-5555
2nd Circuit Revives Claims Over Bank Funds Stolen in Lawyer's Ponzi Scheme
New York, NY, August 11, 2006: 2nd Circuit Revives Claims Over Bank Funds Stolen in Lawyer's Ponzi Scheme.
“A federal appeals court has breathed new life into negligence claims against banks that allegedly allowed a lawyer to abuse what he claimed were escrow accounts and steal $82 million.”
“The 2nd U.S. Circuit Court of Appeals reversed a lower court judge who had dismissed individual investor claims against three banks in connection with the activities of convicted Ponzi schemer David Schick in the early 1990s.”
“Edward S. Rudofsky, James B. Zane and Eric S. Horowitz of Zane and Rudofsky represented the plaintiffs.”
The full New York Law Journal news article can be viewed :