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NIAP UPDATE: CLAW BACK ACTIONS -

COMMENCEMENT, EXPECTATIONS AND PROTECTION

We have asked two top attorneys – David Bernfeld (Bernfeld, DeMatteo & Bernfeld) and Barry Lax (Lax & Neville) — for their suggestions on how people might respond regarding the claw back actions the Trustee is commencing. We realize this can be a very trying period. Please keep in mind that these claw back complaints are the Trustee’s allegations, and you will have rights to defend yourself. As David Bernfeld indicated in the prior posting [click here], this is simply the Trustee’s side of the story, and you have done nothing wrong. We are also pleased that the law firms are in dialogue with one another and sharing important concepts. We extend our gratitude to David and Barry for preparing this for Madoff victims concerned about these unfair actions.
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– Ron Stein

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