Investor Loses Appeal To Recover $10M From Madoff

Law360, New York (November 30, 2009, 6:16 PM EST) -- A district judge has thrown out a Bernard L. Madoff Investment Securities LLC investor's appeal of the dismissal of a bid to recover $10 million that the investor had wired to the soon-to-be-bankrupt firm less than a week before Madoff's arrest.

Judge Naomi Reice Buchwald upheld a bankruptcy court's decision to toss Rosenman Family LLC's complaint in the U.S. District Court for the Southern District of New York on Monday.

The deposit in question brought the Rosenman family within the definition of a customer for the...
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