Madoff Trustee Could Lose Venue Fight In $60B Kohn Suit

Law360, New York (May 31, 2011, 8:30 PM EDT) -- A recovery trustee for Bernard L. Madoff victims may lose his choice of venue for a $60 billion fraud suit originally lodged in New York bankruptcy court against Austrian financier Sonja Kohn, a bank and others allegedly complicit in the Ponzi scheme.

U.S. District Judge Jed S. Rakoff said in a hearing Tuesday that he intended to take on at least part of the suit rather than allow it to be litigated in a bankruptcy court, where the trustee, Baker Hostetler's Irving Picard, has filed hundreds...
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