Baruch College Explores the Ethics of Recovering Assets from the Madoff Scheme

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New York, NY, May 9, 2011 — Baruch College’s Robert Zicklin Center for Corporate Integrity will host the 3rd Seminar in the David Berg Foundation Series on Ethics and Accountability titled The Madoff Clawbacks: Whose Money Is It? on Tuesday May 10 from 12:30pm to 2:30pm. This lunch discussion will examine the ethical issues surrounding efforts to recover assets lost by the thousands of victims of Bernard Madoff’s colossal Ponzi scheme.

Bernie Madoff left thousands of investors in financial turmoil when he was arrested for his Ponzi scheme on Dec. 11, 2008. While some investors were able to profit by withdrawing their money prior to his arrest, others lost most or all of their funds. Most experts agree that these victims should be allowed to proceed with “clawback” lawsuits, but debate rages over who should be able to recover, from whom, and how much.

Leading the discussion will be The New York Times DealBook blogger and Wayne State University of Law School Professor Peter Henning. Professor Henning graduated from Georgetown University Law Center in 1985, where he served as a Notes and Comments Editor on the Georgetown Law Journal. He clerked for Chief Judge Murray M. Schwartz of the United States District Court for the District of Delaware, was a Senior Attorney in the Division of Enforcement at the U.S. Securities & Exchange Commission from 1987 to 1991, and a Trial Attorney in the Criminal Division of the U.S. Department of Justice from 1991 to 1994. Professor Henning joined the Wayne State University Law School faculty in 1994 where he teaches courses in Corporations, White Collar Crime, Professional Responsibility & the Legal Profession, Criminal Law, Criminal Procedure, and Securities Litigation. Additional biographical information for Professor Henning can be found here.

The discussion will be moderated by Seth Lipner, Professor of Law at Baruch College. Professor Lipner is a renowned private arbitrator specializing in investor grievances in the financial services and securities industries. He is a nationally recognized scholar who has achieved multi-dimensional success in education, law and professional writing while representing high net worth investors. Professor Lipner began teaching at Baruch College in 1982 and has served in a collaborative role on three Zicklin AACSB accreditation committees. He has also been involved as Chair of the Zicklin undergraduate curriculum committee for several years.

WHAT: The Madoff Clawbacks: Whose Money Is It?

WHEN: Tuesday, March 10th

From 12:30 p.m. to 2:30 p.m.  

WHERE: Baruch College

Newman Vertical Campus

55 Lexington Avenue, Room 14-220

For more information or to obtain press passes, please contact:

                   Ed Pachetti,

                   Baruch College

                   646-660-6135

                   Ed.Pachetti@baruch.cuny.edu