stockbroker defense in § 546(e) of the Bankruptcy Code creates a safe harbor
for recipients of certain types of transfers and can bar fraudulent transfer
claims brought by a trustee. In Picard v.
Katz , this was a $1 billion issue, and one...
NEW YORK - (Mealey's) Investors on Nov. 6 asked a federal judge in
New York to preliminarily approve a potential $80.25 million settlement of
claims that defendants concealed that the investors' funds were being placed in
accounts that were...
Judge Jed S. Rakoff this week denied the request of Irving Picard, the trustee of Bernard L.
Madoff Investment Securities LLC ("BLMIS") , to pursue an immediate appeal
Rakoff's recent decision to dismiss most of the counts set forth...
The Wall Street
Journal's Bankruptcy Beat blog yesterday featured a conversation with
bankruptcy attorney Kathy Bazoian Phelps of Danning, Gill, Diamond &
Kollitz, LLP, co-author of the The Ponzi Book: A Legal Resource for Unraveling Ponzi...
NEW YORK - (Mealey's) The owners of Major League
Baseball's New York Mets and the liquidation trustee of Bernard L. Madoff
Investment Securities LLC (BLMIS) agreed on March 19 to a $162 million
settlement of claims relating to the defendants'...
Burton Lifland , the bankruptcy judge overseeing the liquidation proceedings of Bernard L.
Madoff Investment Securities LLC ("BLMIS") made a shrewd decision last week
in appointing, on his own initiative, former Governor Mario Cuomo...
by Kathy Bazoian Phelps
Irving Picard, the trustee in the SIPA bankruptcy proceeding
of Bernard L. Madoff Investment Securities, LLC, has asked the Second Circuit
Court of Appeals to overturn two decisions from the Southern District of New
A Madoff bankruptcy trustee secures an approximately $1 billion
judgment against a feeder fund, and, the 5th Circuit affirms a boat
owner took reasonable precautions in preparing for Hurricane Katrina.
Hear these and other stories from LexisNexis®...
Two months from now will bring the five year anniversary of the unraveling of Bernie Madoff’s Ponzi scheme, one of the bookends, along with the collapse of Lehman Brothers ., of the extraordinary Fall of 2008 . To date, Trustee Irving Picard has...
the trustee overseeing the liquidation of Bernard L. Madoff Investment
Securites ("BLMIS") , has filed an amended complaint
(the "Amended Complaint") that seeks to buttress his allegations against Fred Wilpon and...