Madoff Investors Look To Sue Picower Associates In Fla.

Law360, New York (December 14, 2011, 8:11 PM EST) -- Former Bernard L. Madoff Investment Securities LLC investors sought permission Tuesday in New York bankruptcy court to launch a series of class actions in Florida against former investor Jeffry Picower's associates who allegedly received more than $7.2 billion in Madoff's Ponzi scheme.

The plaintiffs, “net winners" from Madoff's Ponzi scheme, filed separate motions on behalf of putative class actions led by A&G Goldman Partnership and investor Pamela Goldman asking the New York bankruptcy judge to declare that they are not prohibited from launching class actions against...
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