The Global M&A Network presented K&L Gates with the “Ponzi Scheme Investigation Resolution of the Year” award at its 18th Annual Turnaround Atlas Awards ceremony in New York, recognising the firm’s representation of the Official Committee of Unsecured Creditors in the Ideal Properties LLC Chapter 11 bankruptcy case. Partner John Bender served as lead trial counsel in a successful bench trial before the US Bankruptcy Court, securing a judgment that confirmed the company had operated a USD 400 million Ponzi scheme — a ruling that formed the basis of the award-winning reorganisation.
