DOCSLIB.ORG

Adv. Pro. No. 08-01789 (BRL)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Adv. Pro. No. 08-01789 (BRL) Case 1:11-cv-03605-JSR Document 89 Filed 01/26/12 Page 1 of 3 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK In re: Adv. Pro. No. 08-01789 (BRL) BERNARD L. MADOFF INVESTMENT SIPA LIQUIDATION SECURITIES LLC, Debtor, (Substantively Consolidated) IRVING H. PICARD, Trustee for the Liquidation of Adv. Pro. No. 10-05287 (BRL) Bernard L. Madoff Investment Securities LLC, Plaintiff, v. 11 Civ. 03605 (JSR) (HBP) SAUL B. KATZ, et al., Defendants. DECLARATION OF DAVID J. SHEEHAN IN SUPPORT OF TRUSTEE’S MOTION FOR PARTIAL SUMMARY JUDGMENT BAKER & HOSTETLER LLP 45 Rockefeller Plaza New York, New York 10111 Telephone: (212) 589-4200 Facsimile: (212) 589-4201 Attorneys for Irving H. Picard, Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff Case 1:11-cv-03605-JSR Document 89 Filed 01/26/12 Page 2 of 3 I, David J. Sheehan, declare pursuant to 28 U.S.C. § 1746, that the following is true: 1. I am an attorney at the firm of Baker & Hostetler LLP and counsel to Irving H. Picard, Trustee for the substantively consolidated liquidation of the business of Bernard L. Madoff Investment Securities LLC (“BLMIS”) under the Securities Investor Protection Act (“SIPA”), 15 U.S.C. §§ 78aaa et seq., and the estate of Bernard L. Madoff (“Madoff”). 2. I submit this Declaration in support of the Trustee’s motion for partial summary judgment under Rule 56 of the Federal Rules of Civil Procedure. 3. Attached hereto as Ex. 1 is a true and correct copy of the defendants’ Answer, dated October 11, 2011. Answer, Picard v. Katz, et al., No. 11 Civ. 3605 (S.D.N.Y. Oct. 11, 2011) (JSR), ECF No. 48. 4. Attached hereto as Ex. 2 is a true and correct copy of the Plea Hearing Transcript of Bernard L. Madoff, dated March 12, 2009. Plea Hr’g Tr. (“Madoff Plea”), United States v. Madoff, No. 09 Cr. 213 (S.D.N.Y. Mar. 12, 2009) (DC), ECF No. 57. 5. Attached hereto as Ex. 3 is a true and correct copy of the Sentencing Transcript of Bernard L. Madoff, dated June 29, 2009. Sentencing Tr., United States v. Madoff, No. 09 Cr. 213 (S.D.N.Y. June 29, 2009) (DC), ECF No. 103. 6. Attached hereto as Ex. 4 is a true and correct copy of the Plea Hearing Transcript of Frank DiPascali, Jr., dated August 11, 2009. Plea Hr’g Tr. (“DiPascali Plea”), United States v. DiPascali, No. 09 Cr. 764 (S.D.N.Y. Aug. 11, 2009) (RJS), ECF No. 11. 7. Attached hereto as Ex. 5 is a true and correct copy of the Plea Hearing Transcript of David G. Friehling, dated November 3, 2009. Plea Hr’g Tr. (“Friehling Plea”), United States v. Friehling, No. 09 Cr. 700 (S.D.N.Y. Nov. 3, 2009) (AKH). 1 Case 1:11-cv-03605-JSR Document 89 Filed 01/26/12 Page 3 of 3 8. Attached hereto as Ex. 6 is a true and correct copy of the Plea Hearing Transcript of Eric S. Lipkin, dated June 6, 2011. Plea Hr’g Tr. (“Lipkin Plea”), United States v. Lipkin, No. 10 Cr. 228 (S.D.N.Y. June 6, 2011) (LTS), ECF No. 148. 9. Attached hereto as Ex. 7 is a true and correct copy of the Plea Hearing Transcript of David Kugel, dated November 21, 2011. Plea Hr’g Tr. (“Kugel Plea”), United States v. Kugel, No. 10 Cr. 228 (S.D.N.Y. Nov. 21, 2011) (LTS), ECF No. 188. 10. Attached hereto as Ex. 8 is a true and correct copy of the Plea Hearing Transcript of Enrica Cotellessa-Pitz, dated December 19, 2011. Plea Hr’g Tr. (“Cotellessa-Pitz Plea”), United States v. Cotellessa-Pitz, No. 10 Cr. 228 (S.D.N.Y. Dec. 19, 2011) (LTS). I declare under penalty of perjury that the foregoing is true and correct. Dated: New York, New York January 26, 2012 /s/ David J. Sheehan David. J. Sheehan 2 Case 1:11-cv-03605-JSR Document 89-1 Filed 01/26/12 Page 1 of 258 Exhibit 1 CaseCase 1:11-cv-03605-JSR 1:11-cv-03605-JSR Document Document 89-1 48 Filed Filed 10/11/11 01/26/12 Page Page 1 2 of of 257 258 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ----------------------------------- x : IRVING H. PICARD, : : Plaintiff, : : 11-CV-03605 (JSR) - against - : : SAUL B. KATZ, et al., : : Defendants. : : ----------------------------------- x ANSWER CaseCase 1:11-cv-03605-JSR 1:11-cv-03605-JSR Document Document 89-1 48 Filed Filed 10/11/11 01/26/12 Page Page 2 3 of of 257 258 Each of the Defendants in the above-captioned matter (“Defendants”), by and through their undersigned counsel, hereby states his, her, or its Answer and Defenses to the amended complaint (“Complaint”), dated March 18, 2011, as follows: GENERAL RESPONSE Each Defendant hereby answers the Complaint in its entirety, notwithstanding that the Court’s September 27, 2011 opinion and order dismissed nine of the Complaint’s eleven counts and rendered many of the Complaint’s allegations irrelevant. With respect to the table of contents, headings, subheadings, unnumbered paragraphs, appendices, exhibits, and requests for relief following paragraph 1402 of the Complaint, no response to such material is required. To the extent any response is required, any such averments are denied. Any allegation in the Complaint not specifically admitted is denied. Unless otherwise defined, all capitalized terms have the same meaning as in the Complaint. SPECIFIC RESPONSES 1. Deny, except aver that each of the Defendants is one of the thousands of victims of Madoff’s massive Ponzi scheme, and also deny footnote 1. 2. Deny. 3. Deny, except admit that Sterling is a closely-held family business and that various Sterling Partners and related entities are involved in real estate, professional baseball, and private equity businesses, including ownership of the New York Mets baseball franchise. 2 CaseCase 1:11-cv-03605-JSR 1:11-cv-03605-JSR Document Document 89-1 48 Filed Filed 10/11/11 01/26/12 Page Page 3 4 of of 257 258 4. Deny, except admit that approximately 483 1KW BLMIS accounts were opened by various individuals and entities, some of which are Sterling Partners and/or Sterling-related entities, over the course of twenty-five years, and that Sterling Partner Arthur Friedman provided administrative assistance with respect to the majority of the 1KW BLMIS accounts. 5. Deny. 6. Deny. 7. Deny. 8. Deny, except admit that debt of various Sterling-related entities was restructured following revelation of Madoff’s fraud. 9. Deny. 10. Deny. (a) Deny. (b) Deny. (c) Deny. (d) Deny. (e) Deny. 3 CaseCase 1:11-cv-03605-JSR 1:11-cv-03605-JSR Document Document 89-1 48 Filed Filed 10/11/11 01/26/12 Page Page 4 5 of of 257 258 (f) Deny. (g) Deny. (h) Deny. 11. Deny. 12. Deny. 13. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the Complaint for the proceeding’s purported purpose. 14. Admit, except deny that this adversary proceeding is now proceeding before the Bankruptcy Court because the reference has been withdrawn. 15. Admit. 16. Admit. 17. Admit. 18. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the SEC complaint against BLMIS and Madoff for its content, and footnote 2 alleges conclusions of law to which no response is required. 19. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the December 12, 2008 order for its content. 4 CaseCase 1:11-cv-03605-JSR 1:11-cv-03605-JSR Document Document 89-1 48 Filed Filed 10/11/11 01/26/12 Page Page 5 6 of of 257 258 20. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the referenced SIPC application for its content. 21. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the December 15, 2008 Protective Decree for its content. (a) Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the December 15, 2008 Protective Decree for its content. (b) Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the December 15, 2008 Protective Decree for its content. (c) Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the December 15, 2008 Protective Decree for its content. 22. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except refer to the referenced orders for their content. 23. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except admit, upon information and belief, that Madoff entered a guilty plea and refer to the transcript of his allocution for its content. 5 CaseCase 1:11-cv-03605-JSR 1:11-cv-03605-JSR Document Document 89-1 48 Filed Filed 10/11/11 01/26/12 Page Page 6 7 of of 257 258 24. Lack knowledge or information sufficient to form a belief as to the truth of the allegations, except admit, upon information and belief, that DiPascali entered a guilty plea and refer to the transcript of his allocution for its content.
Load more

Recommended publications
  • 20 MOTION to Dismiss the AMENDED COMPLAINT OR, IN
    Irving H. Picard v. Saul B. Katz et al Doc. 26 Davis Polk & Wardwell LLP 450 Lexington Avenue New York, New York 10017 Telephone: (212) 450-4000 Facsimile: (212) 701-5800 Attorneys for the Sterling Defendants UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ----------------------------------- x : SECURITIES INVESTOR PROTECTION : CORPORATION, : : Plaintiff-Applicant, : Adv. Pro. No. 08-01789 (BRL) : - against - : SIPA LIQUIDATION : BERNARD L. MADOFF INVESTMENT : (Substantively Consolidated) SECURITIES LLC, : : Defendant. : : ----------------------------------- x In re: : : BERNARD L. MADOFF, : : Debtor. : : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x IRVING H. PICARD, : : Plaintiff, : : - against - : Adv. Pro. No. 10-05287 (BRL) : SAUL B. KATZ, et al. : : Defendants. : : ----------------------------------- x REPLY MEMORANDUM OF LAW IN FURTHER SUPPORT OF STERLING DEFENDANTS’ MOTION TO DISMISS THE AMENDED COMPLAINT OR, IN THE ALTERNATIVE, FOR SUMMARY JUDGMENT Dockets.Justia.com TABLE OF CONTENTS PAGE PRELIMINARY STATEMENT .........................................................................................1 THE COMPLAINT’S STILL-FALSE ALLEGATIONS AND THE REAL AND UNCONTROVERTED FACTS...................................................3 Newly Highlighted False Allegation #1: The Sterling Partners “Shopped” for Ponzi Scheme Insurance..................................................................3 Newly Highlighted False Allegation #2: David Katz Was “Screaming” for Diversification Because He Viewed
    [Show full text]
  • The Nelson Doubleday, Jr. Collection
    THE NELSON DOUBLEDAY, JR. COLLECTION Wednesday, January 11, 2017 NEW YORK THE COLLECTION AUCTION Wednesday, January 11, 2017 at 10am EXHIBITION Friday, January 6, 10am – 5pm Saturday, January 7, 10am – 5pm Sunday, January 8, Noon – 5pm Monday, January 9, 10am – 6pm ?? ????????? ??????????????????????????????? LOCATION Doyle New York 175 East 87th Street New York City 212-427-2730 www.Doyle.com wwwwww.Doyle.com/BidLive.DoyleNewYork.com/BidLive Catalogue: $35 CONTENTS Paintings, Watercolor & Sculpture 1-140 Jewelry & Memoribilia 41-58 The Library of Nelson Doubleday, Jr. 59-139 Furniture & Decorations 140-158 Silver & Silver Plate 159-179 Furniture & Decorations 180-271 Carpets 272-273 Glossary I Conditions of Sale II Terms of Guarantee IV Information on Sales & Use Tax V Absentee Bid Form XII The publishing house was known for bringing the living A fixture in the owner's box, Nelson Doubleday, Jr. stood by masters of English literature to America, and Nelson the team through thick and thin in subsequent years, and Doubleday, Jr.'s library contains many of the special New York City was electrified again by the Mets vs. Yankees presentation copies of the books his grandfather published Subway Series of 2000, represented in this collection by the under the family imprint. Those authors became personal owner's National League Championship Series gold ring. friends and were a frequent presence in both the publishing house in Garden City and at the family estate in Oyster Bay. Nelson Doubleday, Jr. was an avid yachtsmen and the owner Nelson Doubleday, Jr. (1933-2015) lived for much of his life in Oyster Bay Doubleday Publishing brought the World War I poetry of of an important world class yacht, the 125-foot Palmer and Locust Valley on Long Island’s storied North Shore.
    [Show full text]
  • RAISING HEALTH RAISES EVERYONE 2020 Annual Report
    RAISING HEALTH RAISES EVERYONE 2020 Annual Report Sandra Lindsay, RN, first US recipient of a COVID-19 vaccine. Dear friends, This past year has been an inflection point for Northwell Health. 2020 was filled with pain, sacrifice and heroic achievement as our front-line workers, researchers, administrators and support staff joined together in the fight against COVID-19. But 2020 also held the promise of a return toward normalcy—a new kind of normal, marked by an increased awareness of health disparities and sustained work to increase health equity. It was a year of unprecedented challenges, and Northwell met the moment by raising health. Even before the virus made its presence known in New York, our years-long commitment to emergency planning allowed us to respond quickly to the area’s first cases, stepping up at the request of state government to test and treat people in our area and beyond. Northwell managed the field hospital at Javits Convention Center—the largest field hospital mobilization in U.S. history for a non-wartime pandemic—helping to relieve overcrowding in New York City hospitals. In our own facilities, the strategic deployment of physical resources and the selflessness of our doctors, nurses, technicians and environmental workers enabled us to treat more patients than any other health system in the country. As discoveries by researchers at the Feinstein Institutes produced important insights into COVID-19, the ingenuity of team members throughout the health system led to inventions that eased shortages of supplies like nasal swabs and ventilators, and to new, data-smart ways to predict and plan for the impact of the virus.
    [Show full text]
  • Madoff's Tickets Bid to $2,375 on Ebay 11 April 2009, by RONALD BLUM , AP Baseball Writer
    Madoff's tickets bid to $2,375 on eBay 11 April 2009, By RONALD BLUM , AP Baseball Writer other tickets for the first homestand were posted Friday on Picard's Web site, http://www.madofftrustee.com . Two tickets for each of the remaining games against the Padres, on April 15-16, and for the three-game series against Milwaukee from April 17-19 were put on sale on StubHub.com. Those tickets are selling for $450 each. Mets owners Fred Wilpon and Saul Katz were close to Madoff, who pleaded guilty March 12 in federal court to 11 counts, including securities fraud and perjury, stemming from a Ponzi scheme prosecutors said was worth $64.8 billion. The 70-year-old Madoff faces up to 150 years in prison New York Mets pitcher John Maine wipes his face after at sentencing June 16. Florida Marlins' Hanley Ramirez hit a solo home run in the first inning of a baseball game in Miami, Friday, April 10, 2009. (AP Photo/Alan Diaz) Wilpon, Katz and many entities of their company, Sterling Equities, and various affiliated foundations are among the swindled creditors. (AP) -- Bernard Madoff is still making a market - at According to a motion filed with the bankruptcy least his Citi Field seats are. court, Madoff's firm bought two Delta Club Platinum ticket - section 16, row 2, seats 5-6 - for $80,190. The two tickets for Monday's Citi Field opener Those tickets are worth $295-$695 per game, owned by Bernard L. Madoff Investment Securities depending on the opponent and day of the week, were bid up to $2,375 by 11 p.m.
    [Show full text]
  • CM Sept 2012 All Lr
    he experiment is to be tried… whether the children of the people, ‘Tthe children of the whole people, can be educated; whether an institution of learning, of the highest grade, can be successfully controlled by the popular will, not by the privileged few, but by the privileged many.” — Horace Webster CUNYMatters Founding Principal, The Free Academy cuny.edu/news • THE CITY UNIVERSITY OF NEW YORK • FOUNDED 1847 AS THE FREE ACADEMY SEPTEMBER 2012 View of GRANTS&HONORS Manhattan from interactive NYC Solar Map launched by Sustainable CUNY as part of the city’s Recognizing commitment Faculty to expedite installation of Achievement solar systems HE UNIVERSITY’S renowned faculty members continually that reduce LaBatto greenhouse Twin professional-achieve- gas emissions. ment awards from prestigious More than 800 organizations as well as research new sustainable grants from government agen- energy cies, farsighted foundations and initiatives will leading corporations. Pictured be launched at are just a few of the recent CUNY campuses Jang honorees. Brief summaries of by 2017. many ongoing research projects start here and continue inside. Queens College has been awarded $1,551,806 from the United States Department of Energy/Steel Workers Charitable and Educational Organization for Mangino “Medical Surveillance of Former Department of Energy Workers,” INVESTING IN OUR FUTURE under the direction of Steven Markowitz. A research project Inspired new Master Plan outlines University advances concerning the “Role of CD14 and Other Innate Immune expected over five years. Receptors in Severe Sepsis,” directed by Sanna Goyert of City Johnson ROUNDBREAKING RESEARCH emerging Regents as required under state Education Law, the 171-page College, has received $377,339 from advanced science laboratories.
    [Show full text]
  • JEWISH PLAYERS and SPORTSPEOPLE LOOKING to DOMINATE the 2015 MLB PLAYOFFS by Daniel Koren - October 8, 2015 # 13832 ! 0
    FACEBOOKTWITTERYOUTUBEINSTAGRAM SUBSCRIBE MEMBER CENTRE (ECJN) NEWSLETTER March 19, 2021 - 6 Nissan 5781 NEWS PERSPECTIVES FOOD CULTURE EVENTS SUPPLEMENTS EN FRANÇAIS PODCASTS % SUBSCRIBE Home " News " Here are the Jewish players and sportspeople looking to dominate the 2015... NEWS CULTURE SPORTS VIEW HERE ARE THE JEWISH PLAYERS AND SPORTSPEOPLE LOOKING TO DOMINATE THE 2015 MLB PLAYOFFS By Daniel Koren - October 8, 2015 # 13832 ! 0 The 2015 Major League Baseball playoffs are officially underway, with Toronto setting the stage for the first game of the playoff season as the Blue Jays, playing their first post-season game since they won the World Series 22 years ago, take on the Texas Rangers. As the city’s Jewish members are well aware of, the Blue Jays’ own outfielder Kevin Pillar is a member of the tribe, who showed off his pride by wearing his ‘SuperJew’ undershirt when the Jays clinched the AL East division title. But aside from Pillar, there are several other Jewish athletes and spokespeople actively looking to win the 2015 World Series championship, including a distinguished cadre of owners, players, general managers and presidents of baseball operations. While we pay homage to them with this list, we must also acknowledge that there are far too many Jews in the MLB to mention them all, from batting and pitching coaches to communications directors. As only one team will prove triumphant, there is no doubt that there will be a very tough road ahead for all of you. Allow us to offer these words of encouragement, as spoken by the world’s most interesting man: For the thousands of baseball fans who look forward to this time of year more than anything else in the world, enjoy the wonderment that is the MLB playoffs.
    [Show full text]
  • 79 MOTION for Summary Judgment. (Previously Filed on 2/9/12 As Document Number 120 With
    Irving H. Picard v. Saul B. Katz et al Doc. 132 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK In re: Adv. Pro. No. 08-01789 (BRL) BERNARD L. MADOFF INVESTMENT SIPA LIQUIDATION SECURITIES LLC, Debtor, (Substantively Consolidated) IRVING H. PICARD, Trustee for the Liquidation of Adv. Pro. No. 10-05287 (BRL) Bernard L. Madoff Investment Securities LLC, Plaintiff, v. 11 Civ. 03605 (JSR) (HBP) SAUL B. KATZ, et al., Defendants. TRUSTEE’S MEMORANDUM OF LAW IN OPPOSITION TO DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT Baker & Hostetler LLP 45 Rockefeller Plaza New York, New York 10111 Telephone: (212) 589-4200 Facsimile: (212) 589-4201 Attorneys for Irving H. Picard, Esq. Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC And Bernard L. Madoff Dockets.Justia.com TABLE OF CONTENTS Page PRELIMINARY STATEMENT ................................................................................................... 1 I. BANKING ON MADOFF’S RETURNS AND ACCOUNTS FOR THEIR BUSINESS FINANCING, THE STERLING DEFENDANTS BECAME DEPENDENT UPON BLMIS ........................................................................................... 4 A. The Sterling Partners’ Business Plans Became Overly-Dependent Upon Their Guaranteed Madoff Returns ......................................................................... 5 B. The Sterling Defendants Exploited the “Madoff Vig” in Ingenious Ways ........... 6 C. Madoff was the Investment Arm of Sterling’s Business and Its Primary Source of Liquidity ...............................................................................................
    [Show full text]
  • Righting Others' Wrongs: a Critical Look at Clawbacks in Madoff-Type Ponzi Schemes and Other Frauds
    University of Pennsylvania ScholarlyCommons Legal Studies and Business Ethics Papers Wharton Faculty Research 2012 Righting Others' Wrongs: A Critical Look at Clawbacks in Madoff- Type Ponzi Schemes and Other Frauds Amy Sepinwall University of Pennsylvania Follow this and additional works at: https://repository.upenn.edu/lgst_papers Part of the Business Law, Public Responsibility, and Ethics Commons, Law and Economics Commons, and the Torts Commons Recommended Citation Sepinwall, A. (2012). Righting Others' Wrongs: A Critical Look at Clawbacks in Madoff-Type Ponzi Schemes and Other Frauds. Brooklyn Law Review, 78 (1), 1-64. Retrieved from https://repository.upenn.edu/lgst_papers/38 This paper is posted at ScholarlyCommons. https://repository.upenn.edu/lgst_papers/38 For more information, please contact [email protected]. Righting Others' Wrongs: A Critical Look at Clawbacks in Madoff-Type Ponzi Schemes and Other Frauds Disciplines Business Law, Public Responsibility, and Ethics | Law and Economics | Torts This journal article is available at ScholarlyCommons: https://repository.upenn.edu/lgst_papers/38 ARTICLES Righting Others’ Wrongs A CRITICAL LOOK AT CLAWBACKS IN MADOFF- TYPE PONZI SCHEMES AND OTHER FRAUDS Amy J. Sepinwall† INTRODUCTION We typically expect wrongdoers to redress the victims of their transgressions.1 But do those who innocently benefit froM wrongdoing owe restitution to the victims of the wrong? Irving Picard, the trustee who has been charged with recovering and distributing money to the victims of Bernie Madoff’s Ponzi scheme, obviously thinks so.2 Picard has filed over one † Assistant Professor, Department of Legal Studies and Business Ethics, The Wharton School, University of Pennsylvania. B.A., McGill University, 1997; M.A., McGill University, 1999; J.D., Yale Law School, 2004; Ph.D., Philosophy, Georgetown University, 2010.
    [Show full text]
  • OUR LATEST Laureate a Ngus Deaton Wins the Nobel Prize in Economics
    REMEMBERING 75 YEARS LIMITATIONS ON C.K. WILLIAMS WITH WPRB CAMPUS SPEECH? PRINCETON ALUMNI WEEKLY OUR LATEST LAUREATE A ngus Deaton wins the Nobel Prize in economics NOVEMBER 11, 2015 PAW.PRINCETON.EDU 00paw1111_Cover2.indd 1 10/28/15 10:38 AM S:7” Invest In What Lasts How do you pass down what you’ve spent your life building up? A Morgan Stanley Financial Advisor can help you create a legacy plan based on the values you live by. So future generations can benefit from not just your money, but also your example. Let’s have that conversation. morganstanley.com/legacy S:9.25” © 2015 Morgan Stanley Smith Barney LLC. Member SIPC. CRC 1134840 04/15 November 11, 2015 Volume 116, Number 4 An editorially independent magazine by alumni for alumni since 1900 P RESIDENT’S PAGE 2 INBOX 5 FROM THE EDITOR 6 ON THE CAMPUS 13 Angus Deaton wins Nobel Public-safety officers gain access to guns African American studies now a department Endowment results Remembering C.K. Williams STUDENT DISPATCH: Anscombe Society SPORTS: Women’s basketball Road to Rio LIFE OF THE MIND 25 Stacey Sinclair on implicit bias Marina Rustow on the Cairo Geniza Harry G. Frankfurt on inequality PRINCETONIANS 39 Josh Morris ’99, rock climber “We Flourish” alumni conference Historian Gordon Chang ’70 Ken Katkin ’87, a WPRB DJ, in CLASS NOTES 43 1984, page 28 MEMORIALS 62 The Voice of Princeton 28 Can We Say That? 32 WPRB, our much-loved campus radio Across the country, there are calls for CLASSIFIEDS 70 station, is celebrating its 75th anniversary.
    [Show full text]
  • UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT of NEW YORK ------X : SECURITIES INVESTOR PROTECTION : CORPORATION, : : Plaintiff-Applicant, : Adv
    Davis Polk & Wardwell LLP 450 Lexington Avenue New York, New York 10017 Telephone: (212) 450-4000 Facsimile: (212) 701-5800 Attorneys for the Sterling Defendants UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ----------------------------------- x : SECURITIES INVESTOR PROTECTION : CORPORATION, : : Plaintiff-Applicant, : Adv. Pro. No. 08-01789 (BRL) : - against - : SIPA LIQUIDATION : BERNARD L. MADOFF INVESTMENT : (Substantively Consolidated) SECURITIES LLC, : : Defendant. : : ----------------------------------- x In re: : : BERNARD L. MADOFF, : : Debtor. : : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x IRVING H. PICARD, : : Plaintiff, : : - against - : Adv. Pro. No. 10-05287 (BRL) : SAUL B. KATZ, et al. : : Defendants. : : ----------------------------------- x MEMORANDUM OF LAW IN SUPPORT OF STERLING DEFENDANTS’ MOTION TO DISMISS THE AMENDED COMPLAINT OR, IN THE ALTERNATIVE, FOR SUMMARY JUDGMENT TABLE OF CONTENTS PAGE PRELIMINARY STATEMENT ...................................................................................... 1 BACKGROUND .............................................................................................................. 2 THE COMPLAINT’S FALSE OR MISLEADING ALLEGATIONS ............................ 6 False Allegation #1: Sterling Stamos Told the Sterling Partners That Madoff Was a “Scam” or a Fraud......................................................................... 6 False Allegation #2: Sterling Stamos Advised the Sterling Partners Not to Invest with Madoff...............................................................................................
    [Show full text]
  • 2900 Bedford Avenue Brooklyn, New York 11210-2889 Tel: 718.951.5074 [email protected]
    Brooklyn College Foundation 2900 Bedford Avenue Brooklyn, New York 11210-2889 Tel: 718.951.5074 [email protected] www.brooklyncollegefoundation.org Foundation for Success Campaign Cabinet Marge Magner ’69 Ilene Gold ’62 Campaign Chair Brysam Global Partners Karen L. Gould President of Brooklyn College Willard Archie ’68 Retired CEO, Michael Lynne ’61 Mitchell & Titus Co-Chair, Unique Features Oheneba Boachie-Adjei ’76 Chief of Scoliosis Service, Martin D. Sass ’63 Hospital for Special Surgery CEO M.D. Sass Investors Don Buchwald ’59 Services, Inc. President, Don Buchwald & Al Tanger ’01 Associates, Inc. Chairman, Marlin Broadcasting Alan Dershowitz ’59 Felix Frankfurter Morton Topfer ’59 Professor of Law, Managing Director, Harvard Law School Castletop Capital Barry Feirstein ’74 Howard Wohl ’64 Brooklyn College Retired Vice Chairman, Foundation Board Chair Ivy Asset Management Corp. President, Feirstein Capital Management Corp. Carol Zicklin ’61 Brooklyn College Roy Furman ’60 Foundation Board Vice Chair Vice Chairman, Jefferies & Co. E Printed with soy inks on paper containing 30% post-consumer waste. brooklyn college FOUNdatioN FOR SUCCESS CAMPAIGN May Brooklyn‘‘ College live through the generations... president franklin delano roosevelt At a ceremony on the’’ Brooklyn College campus, October 1936 Brooklyn College was built to transform lives. As a public institution centered in an urban setting, we have provided a solid grounding and strong academic programs in the liberal arts and sciences, education, and business. We have expanded intellectual horizons and opened the doors of opportunity for thousands of students. Eight decades on, we remain a vibrant and complex college. Our mission is the same: providing affordable access to excellent higher education.
    [Show full text]
  • Picardsterlingletter.Pdf
    Get Morning Home Delivery of the Daily News for up to 70% off. Call (888) 393-3760 manufactured a flawed legal theory for the "empty Lawyers for Mets suit" he filed in December against Fred and Jeff Wilpon and Saul Katz, lawyers for the Mets' owners told the Daily News, and has unfairly portrayed them owners fire back at as crooks and thieves. Madoff trustee, call David Caplan of Davis Polk Wardwell LLP told The News Wednesday that the suit filed in December lawsuit against Fred, against the Wilpons and Fred Wilpon's brother-in law Saul Katz by Madoff trustee Irving Picard is a Jeff Wilpon 'empty' "strong-arm" attempt to squeeze hundreds of millions of dollars out of Sterling Equities, the firm controlled by Fred Wilpon and Katz. BY Teri Thompson AND Michael O'Keeffe "We believe the complaint is baseless, both factually DAILY NEWS SPORTS WRITERS and legally," Caplan said. "We have conveyed that to the trustee's counsel. Fred Wilpon, Saul and the Originally Published:Wednesday, February 2nd 2011, other partners did not know that Bernie Madoff was 8:10 PM running a Ponzi scheme." Updated: Thursday, February 3rd 2011, 12:27 AM Caplan and another attorney from his firm, Karen Wagner, were responding to reports in The New York Times the last few days that they believe were the result of leaks by Picard's office of the contents of the sealed lawsuit. The Times and other news outlets have filed a motion to unseal the suit and both sides filed briefs on the matter on Monday.
    [Show full text]