SIPC Joins Madoff Trustee's $6.4B JPMorgan Battle

Law360, New York (April 5, 2011, 3:18 PM EDT) -- A New York federal judge ruled Monday that the Securities Investor Protection Corp. can challenge JPMorgan Chase & Co.'s bid to move to district court a $6.4 billion lawsuit from the trustee liquidating Bernard L. Madoff's investment company.

Judge Colleen McMahon of the U.S. District Court for the Southern District of New York wrote simply in the docket that the “SIPC can be heard” as part of a string of procedural rulings. Judge McMahon also denied JPMorgan's request to extend the deadline for its reply brief...
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