Monthly Archives: September 2013

A CALL FOR YELP! ONLINE RATINGS SITE CATCHES BANKRUPTCY FIRM IN THE ACT

By David A. Blansky, Esq. | Published September 25, 2013

Have you ever wondered if online ratings websites have bogus reviews? Cynics are now saying “I told you so” when it comes to Yelp, where attorneys at a bankruptcy firm in San Diego are being accused of creating accounts on the site and posting fake, positive reviews about their firm. The McMillan Law Group seems to have been caught posing as satisfied clients, as Yelp has cross-referenced those “clients” with the firm’s bankruptcy filings. Further, according to a report, many of the reviews were created by the same IP address, that of the Law Group. You may be wondering how […]

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IRVING PICARD, MADOFF TRUSTEE, IS AT IT AGAIN

By David A. Blansky, Esq. | Published September 25, 2013

Did you miss him? Irving Picard, the Trustee liquidating Bernard L. Madoff Investment Securities LLC, was back in the news recently. U.S. Bankruptcy Judge Burton Lifland of the Southern District of New York concluded that “time-based” damages to victims of the massive Ponzi scheme should not be awarded. The ruling means that Madoff victims who still stand to recover from the liquidation will not have their distributions adjusted for interest or inflation. In anticipation of the decision, Picard held approximately $1.36 billion in reserve that can now be distributed more quickly, albeit at his desired “discount.” Although Picard has already […]

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