Fraud and breach of fiduciary contract related lawsuits for Madoff et al. are flying about everywhere. But what does it takes to win a case and will it change who takes responsibility in the end?
By Susan Barreto
When things went wrong in 2008, many investors learned that greed wasn't good. Now some of these same pension funds are learning that greed on the Gordon Gekko scale also does not necessarily equal success when it comes to the courtroom.
As rumours swirl that defendants in an early Madoff-related lawsuit are setting aside property and assets in preparation for a possible settlement, the court system in the US is seeing its fair share of pension investment litigation surrounding issues of potential fraud and fiduciary responsibility.