Activists Seek To File Amicus In Picard's JPMorgan Case

Law360, Wilmington (August 19, 2011, 7:49 PM EDT) -- An activist group representing small investors victimized by Bernard L. Madoff’s notorious Ponzi scheme asked a New York federal judge on Thursday for permission to file an amicus curiae brief on the issue of red flags in the Madoff bankruptcy trustee’s case against JPMorgan Chase & Co.

With the brief, the Network for Investor Action and Protection — whose 1,200 members are largely Madoff victims — hopes to bolster trustee Irving H. Picard’s case that large financial institutions that dealt with Madoff should be held liable...
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