JPMorgan Can Fight Picard In District Court: Judge

Law360, New York (May 4, 2011, 6:22 PM EDT) -- A New York federal judge on Wednesday agreed to take up a fraud suit filed against JPMorgan Chase & Co. by the recovery trustee for Bernard Madoff victims in bankruptcy court, expressing skepticism about whether that court was the appropriate venue for some claims.

U.S. District Judge Colleen McMahon told lawyers for the parties during a hearing in Manhattan federal court that she will oversee the case in order to hear out JPMorgan's allegations that the trustee lacks standing to bring certain claims in the case....
To view the full article, register now.