August 13, 2022
By Rachel Scharf (March 16, 2022, 1:50 PM EDT) — The Second Circuit appeared skeptical Wednesday of a Bernie Madoff investor’s attempt to hold on to $3 million in fictitious profits from the notorious Ponzi scheme based on claims that the funds came out of Madoff’s personal bank accounts.

During oral arguments, counsel for JABA Associates LP urged the appellate court to reverse a summary judgment order requiring it to return $2.9 million worth of payouts from the last two years of Madoff’s fraud to Irving H. Picard, the liquidating trustee for Bernard L. Madoff Investment Securities LLC.

Lance Gotthoffer of Chaitman LLP said Picard does not have the authority to…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Read more…

Leave a Reply

Your email address will not be published.