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Scott+Scott Obtains Restraining Order in Action Over Madoff Losses


Scott+Scott LLP’s New York-based partner Beth Kaswan and her team of litigators won a critical court order yesterday on behalf of the firm’s client New York University.

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NOVEL INVESTOR RECOVERY: Scott + Scott successfully sues two large banks under the Trust Indenture Act of 1939- a first in federal securities litigation.


Scott+Scott filed suit on behalf of the investor Plaintiffs claiming that when the two banks took over trustee duties on a portfolio of loans from Washington Mutual NA, they ignored the presence of loans with underwriting defects. Scott +Scott was the first firm ever to seek to assist investors by pursuing remedies under the Trust Indenture Act of 1939.

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