Judge Refuses To Kick Trustee Off Madoff Case

Law360, New York (March 30, 2011, 2:59 PM EDT) -- A New York bankruptcy judge blocked investors' efforts Wednesday to remove the trustee overseeing the liquidation of Bernard L. Madoff's investment company and vacate a $220 million settlement with the heirs of Madoff associate Norman Levy.

Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York denied the investors' motion from the bench, saying that although he could understand why the Levy could have appeared dubious, evidence showed that the deal and the the actions of Madoff trustee Irving H....
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