Current Cases

Bernard Madoff Investment Securities | Company Ticker:

Date Filed: December 15, 2008
Court: U.S. District Court
Location: California

Hagens Berman Sobol Shapiro filed a class-action lawsuit on behalf of individuals or groups that invested capital in Bernard Madoff Investment Securities (BMIS), through Stanley Chais or the Brighton Company, one of the many alleged feeder funds by Chais.

The lawsuit claims Bernard Madoff and other defendants engaged in a Ponzi scheme, defrauding investors of billions of dollars. The suit alleges defendants fraudulently paid returns to certain investors out of principle received from others. The lawsuit claims the result is $50 billion in liabilities and fraud of unprecedented levels.

HBSS is representing investors and groups that invested capital through Chais or the Brighton Company, one of the many alleged feeder funds that directed investor capital to Bernard Madoff and BMIS. HBSS is representing investors against Chais, Brighton, Madoff and BMIS through this class action while also exploring other remedies for investors.

Chais allegedly managed several investment groups, the monies from which were given to Madoff and BMIS. The lawsuit claims all defendants contributed to the false, misleading, unlawful, unfair and fraudulent acts and practices associated with the Ponzi scheme.

If you or your group invested through Bernard Madoff Investment Securities, or BMIS, or know anything about the alleged Ponzi scheme, please contact HBSS counsel at madoff@hbsslaw.com You can also contact attorneys by clicking here or calling our firm at (510) 725-3000.