Madoff Trustee Fights JPMorgan Bid To Move $6B Suit

Law360, New York (March 31, 2011, 7:08 PM EDT) -- The trustee liquidating Bernard L. Madoff's investment company fought back Wednesday against JPMorgan Chase & Co.'s efforts to "escape the scrutiny" of a New York bankruptcy court by removing the trustee's $6.4 billion lawsuit against it to a district court.

Deborah H. Renner of Baker Hostetler lodged Irving H. Picard's memorandum in the U.S. District Court for the Southern District of New York, arguing that the bank's Feb. 9 motion to withdraw the suit from that district's bankruptcy court was premature and filed in an effort...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.