Madoff Judge Greenlights New Wave Of Investor Suits

Law360, New York (November 10, 2010, 5:13 PM EST) -- A judge has allowed a trustee to move forward with potentially thousands of new lawsuits seeking to recover assets from Bernard Madoff’s ex-customers in order to recoup funds for the notorious Ponzi schemer's bankruptcy estate.

Judge Burton Lifland approved procedures on Wednesday in the U.S. Bankruptcy Court for the Southern District of New York for the suits, overruling objections from lawyers for investors who contend that the actions are unfair.

The new wave of suits is expected to be filed ahead of the expiration of the...
To view the full article, register now.