Wives Of Madoff Sons Fight 'Insider' Label In $58M Suit

Law360, New York (August 6, 2012, 2:25 PM EDT) -- The spouses of Bernard L. Madoff's sons asked a New York federal judge Friday to nix a $57.5 million clawback suit by the trustee recovering money for Ponzi scheme victims, saying their marital status did not make them “insiders” of the notorious firm.

Stephanie Mack, the widow of Mark Madoff — who committed suicide in 2010 — and Deborah Madoff, the ex-wife of Andrew Madoff, filed a brief disputing claims by Bernard L. Madoff Investment Securities LLC trustee Irving Picard. The claims are blocked by the...
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