2 Madoff Clawback Suits Head To District Court

Law360, New York (October 20, 2011, 3:54 PM EDT) -- A New York federal judge agreed Thursday to take on two Bernard L. Madoff Investment Securities LLC clawback suits, saying the cases had enough in common with others on his plate to warrant removal from bankruptcy court.

BLMIS liquidating trustee Irving Picard filed the suits as part of his Southern District of New York bankruptcy proceedings seeking to recover allegedly improper transfers to a slew of funds that invested in BLMIS and claw back the money from its ultimate recipients.

According to court filings, U.S. District...
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Case Information

Case Title

Irving H. Picard v. Trotanoy Investment Company Ltd. et al


Case Number

1:11-cv-07112

Court

New York Southern

Nature of Suit

Bankruptcy Withdrawal

Judge

Jed S. Rakoff

Date Filed

October 7, 2011


Case Title

Irving H. Picard v. Kingate Global Fund, Ltd. et al


Case Number

1:11-cv-07134

Court

New York Southern

Nature of Suit

Bankruptcy Withdrawal

Judge

Jed S. Rakoff

Date Filed

October 11, 2011

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