Madoff Trustee Ratchets Up Claim Against Feeder Fund

Law360, New York (October 9, 2009, 5:03 PM EDT) -- The court-appointed trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC has upped the amount of allegedly fake profit he wants returned from Madoff-linked Cohmad Securities Corp. from $213 million to $245 million.

Irving H. Picard, who has been tasked with handling the dismantling of Madoff's now-infamous investment fund, filed an amended complaint against Cohmad and its principals with the U.S. Bankruptcy Court for the Southern District of New York on Thursday with the revised sum, which Picard said was calculated after new data...
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