Madoff Cash In/Cash Out Ruling Heads To 2nd Circ.

Law360, New York (March 9, 2010, 3:12 PM EST) -- A bankruptcy judge has paved the way for investors in Bernard L. Madoff's fraudulent brokerage firm to immediately appeal an order approving the liquidating trustee's controversial "net equity" method for calculating their claims.

Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York certified his order on Monday, deciding that “this proceeding involves a matter of public importance, and an immediate appeal may materially advance the progress of this proceeding.”

In certifying the order, the judge granted a joint request...
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