UBS Wins Bid To Move Madoff Trustee's $2.6B Suits

Law360, New York (July 14, 2011, 9:25 PM EDT) -- A federal judge in New York on Thursday granted UBS AG's request to transfer a pair of lawsuits seeking approximately $2.6 billion filed by the trustee overseeing Bernard L. Madoff's securities firm from bankruptcy court to district court.

U.S. District Judge Colleen McMahon accepted the cases in the Southern District of New York, one week after she had informed attorneys in the case that she was likely to approve the Swiss bank's request to have the case heard in district court alongside trustee Irving H. Picard's...
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