Kaye Scholer, Madoff, Reader’s Digest, AMR: Bankruptcy

Law firm Kaye Scholer LLP agreed to give up $1.5 million to settle claims by the U.S. Trustee that the firm, as lawyers for fund manager GSC Group Inc., filed inaccurate and misleading court papers in connection with the retention of Capstone Advisory Group LLC and Robert Manzo as the company’s financial advisers.

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