Most Claims Live In Madoff Trustee's $1B Adviser Suit

Law360, New York (February 25, 2011, 5:45 PM EST) -- A Los Angeles investment adviser's estate lost its bid Thursday to ditch a slew of claims brought in New York by the liquidating trustee for Bernard Madoff's investment firm, who claims the adviser received $1 billion from Madoff's scheme.

Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York refused to dismiss nine claims trustee Irving H. Picard brought against Stanley Chais and several of his family members, but he did agree to toss one claim seeking immediate turnover of...
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