Madoff Litigation Keeps on Going

In 2021, the U.S. Court of Appeals for the Second Circuit revived litigation in the Madoff case filed by the trustee seeking to recover hundreds of millions of dollars in allegedly fraudulent transfers made to former Madoff Inv. Sec. LLC’s customers and certain other defendants as part of the Madoff Ponzi scheme. Check out this expertly drafted article discussing a recent decision in the U.S. Bankruptcy Court for the Southern District of New York addressing certain defenses to fraudulent transfer claims.

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Related Content

• Broker-Dealer Insolvencies and the Intersection of SIPA and the Bankruptcy Code
  Read this practice note to understand the Securities Investor Protection Act of 1970 (SIPA).

• Fraudulent Transfers
  Review this practice note for a discussion of fraudulent transfer law under the Bankruptcy Code and state law.

• Setoff
  Check out this practice note for a discussion of setoff in bankruptcy cases.

• Setoff versus Recoupment
  Read this practice note to understand the differences between setoff and recoupment both inside and outside of bankruptcy.

• Bankruptcy Litigation Resource Kit
  Use this resource kit for material on litigating disputes in bankruptcy cases.

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