Judge Won't Move Madoff Trustee's JPMorgan Suit

Law360, New York (May 23, 2011, 10:25 PM EDT) -- A New York federal judge said Monday that she — not a bankruptcy judge — must determine if the trustee liquidating Bernard L. Madoff's investment company has standing to pursue his $6.4 billion lawsuit against JPMorgan Chase & Co.

JPMorgan sought to remove Irving H. Picard's suit to district court in February, but the trustee has fought to keep the case in bankruptcy court, saying in March that the effort to move the case was an effort to distance the bank from the victims of Madoff's...
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