Photo of Zachary Missan

Zach is a litigator in McGuireWoods’ Financial Services & Securities Enforcement Department. He represents corporate and individual clients in government and internal investigations.

O’Dell v. Berkshire Bank, 5:24-cv-00652 (N.D.N.Y.)

On October 31, 2024, the Northern District of New York dismissed a putative class action against Berkshire Bank (“Berkshire”) with prejudice.[1]

I. Facts

O’Dell involved the standard story of a Ponzi class action against a bank, in which investors lost money through a Ponzi scheme—perpetrated by a

Continue Reading… Northern District of New York Dismisses Claim—With Prejudice—of a Bank Aiding-and-Abetting Ponzi Scheme