Madoff Investor Wins Bid To Remove $3B Clawback Suit

Law360, New York (September 16, 2011, 11:01 PM EDT) -- A federal judge in New York on Friday granted a Bernard L. Madoff Investment Securities Inc. investor's request to remove a $2.8 billion clawback motion out of bankruptcy court to address whether the Madoff trustee has the authority to bring the suit.

U.S. District Judge Jed S. Rakoff granted James Greiff's motion to withdraw the bankruptcy reference from the adversary proceeding in order to determine whether trustee Irving Picard can use the avoidance provisions of the Bankruptcy Code to seek transfers BLMIS made in order to...
To view the full article, register now.




Case Information

Case Title

Irving H. Picard v. James Greiff

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawal


Jed S. Rakoff

Date Filed

June 2, 2011

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.