A judge refused today to freeze Noel assets, buying their argument that they’re Madoff victims too. Wow. In the good old days, we lawyers in Connecticut could initiate a suit by freezing a defendant’s assets. Such fun, and so effective in coercing an early settlement but sadly, a tad unconstitutional (lawyers from out of state were astonished by the process) and eventually, our Supreme Court knocked it out. Took all the fun out of suing, darn it.
So what will Noel’s creditors do next? I don’t know, but David Boise Boies will probably figure out something.