Holland & Knight Agree to Settle for $25 Million in ‘Mini Madoff’ Suit

Law firm Holland & Knight LLP has agreed to pay $25 million to settle a malpractice lawsuit over its representation of hedge funds run by Arthur G. Nadel, a disbarred lawyer who was dubbed the “mini Madoff” for running a $168 million fraud between 2002 and 2009.
If approved by the court, it would be the largest settlement for Mr. Nadel’s investors in more than three years, the Sarasota Herald-Tribune reports. Investors would get about $18.2 million after attorney fees are paid, according to a motion for settlement filed Wednesday in U.S. district court in Tampa. More in the Wall Street Journal here.