Madoff Trustee's Fraud Suit Against Mets Headed To Trial

Law360, New York (November 23, 2011, 7:06 PM EST) -- A New York bankruptcy judge on Wednesday agreed to allow the Bernard L. Madoff Investment Securities LLC trustee's claims seeking to void allegedly fraudulent transfers to the owners of the New York Mets go before a jury.

Judge Jed Rakoff said in an order that trustee Irving Picard has a Seventh Amendment right to a jury trial on his fraudulent transfer claims and that he did not waive that right when he commenced the larger Securities Investor Protection Act proceeding in bankruptcy court.

The defendants —...
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