Madoff Trustee Asks 2nd Circ. To Allow 6-Year Lookback
By Richard Vanderford
Law360, New York (November 25, 2013, 6:45 PM ET) -- The trustee recovering money for Bernard Madoff's victims urged the Second Circuit on Friday to overturn a ruling that disallowed suits against so-called Madoff net-winners, arguing he deserves to be able to look back six years to decide who is a net winner.
A lower court judge made an error when he ruled that trustee Irving Picard could only look back two years to make that determination, Picard said in a brief to the appeals court.
Picard would normally be allowed to look back six years...