Christy Myatt and the Ponzi Scheme Case That Took Her Around the World
Posted on Wednesday, February 8, 2012 by Nyssa Gesch
In our 2012 edition of North Carolina Super Lawyers, we learn that cover subject Christy Myatt of Nexsen Pruet has taken on some pretty interesting cases in her bankruptcy practice. One that stands out is SEC v. Elfindepan, S.A., et al. In 2001, she was appointed as the receiver to pursue funds and assets of Elfindepan, S.A., a company set up by Tracy Calvin Dunlap Jr. Dunlap managed to get more than 2,000 U.S. and foreign individuals to invest more than $42 million in an elaborate Ponzi scheme. In this video clip, she talks about the case, which took her around the world.
At my first law firm, Whyte Hirschboeck, in Milwaukee, Wisconsin... God, I haven't seen him for years. There was a guy named Peter Stone who I thought was just the best litigator I've ever seen. We worked together on all kinds of things.
When I moved on to Morrison & Foerster, Haley Fromholz was someone I really admired. There were a lot of things I learned from him--particularly how to represent a client well and not let cases have a life of their own. He was very good about controlling [cases]. What a lot of attorneys do is write a million letters, and things that don't advance the ball much for your client. I learned ways to handle cases from him that were useful. I also felt he was an excellent trial lawyer and litigator, so I tried to understand how he did it, tried to pick up what I could.
Are there advantages for a company in bankruptcy? When is a senior lender not a senior lender? How do you cap a claim asserted by a landlord? In this exclusive interview, bankrupty attorney Michael L. Tuchin, of the firm Klee, Tuchin, Bogdanoff & Stern in Los Angeles, and our cover subject for the 2012 issue of Southern California Super Lawyers magazine, talks about some of the advantages of filing a chapter 11:
A second video, on why lifelong relationships can develop between bankruptcy attorneys and their clients, can be seen here.
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