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Kleinberg Kaplan Marks 50th Anniversary as Premier Law Firm for Private Investment Funds

Firm News | November 1, 2021

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Second Circuit Provides Safe Harbor for Madoff Defendants

A recent decision by the Court of Appeals for the Second Circuit, Picard v. Ida Fishman Revocable Trust (In re Bernard L. Madoff Investment Securities LLC), sharply limits the remedies available to trustees in brokerage liquidations, provides significant protections for innocent customers of fraudulent brokers, and further shapes the ongoing debate over Bankruptcy Code safe harbors. For former customers…

Client Alerts | December 15, 2014

Hedge Funds – Update Regarding FATCA Compliance Issues

This newsletter discusses important FATCA compliance issues that hedge funds should consider before the end of the year.   Though the phased implementation of FATCA has afforded hedge funds additional time to comply with FATCA, important  deadlines are approaching. 1. Offshore funds must register with the IRS (i.e., obtain a GIIN) to avoid FATCA withholding. While…

Client Alerts | December 12, 2014 | Hedge Funds

Victory for Kleinberg Kaplan Clients in U.S. Court of Appeals

Kleinberg, Kaplan, Wolff & Cohen attorneys David Parker and Matthew Gold are part of the legal team that won an important victory in the United States Court of Appeals for the Second Circuit for former customers of Bernard Madoff Securities. The Second Circuit’s ruling sharply restricts the remedies available to Irving Picard, the Madoff Securities…

Firm News | December 9, 2014

Victory for Kleinberg Kaplan Clients in U.S. Court of Appeals

Kleinberg, Kaplan, Wolff & Cohen attorneys David Parker and Matthew Gold are part of the legal team that won an important victory in the United States Court of Appeals for the Second Circuit for former customers of Bernard Madoff Securities. The Second Circuit’s ruling sharply restricts the remedies available to Irving Picard, the Madoff Securities…

Client Alerts | December 9, 2014

First Department Extends Common Interest Privilege

In a decision sure to affect the behavior of parties in transactional and other contexts, the New York Appellate Division for the First Department on December 4, 2014 eliminated the “pending or reasonably contemplated litigation” requirement from the common interest privilege. Thus, the presence of a third party at an otherwise privileged communication will not…

Client Alerts | December 9, 2014

Hedge Funds – Tax Issues and Planning to Consider Before Year-End

This annual newsletter briefly highlights certain tax issues and planning that hedge fund managers should consider (or reconsider) before year-end. Tax rates are scheduled to remain the same in 2015, but with the recent filing of 2013 tax returns by many high net worth individuals, taxpayers are even more aware of the increased tax rates…

Client Alerts | November 11, 2014 | Hedge Funds