Picard Sues 4 Firms For $187.5M In Madoff Funds

Law360, New York (January 13, 2012, 6:13 PM EST) -- The trustee overseeing the liquidation of Bernard L. Madoff's investment company on Thursday fired off four more lawsuits seeking the recovery of about $187.5 million from four international financial firms.

Irving H. Picard, the trustee in charge of the dissolution of Bernard L. Madoff Investment Securities LLC, filed separate adversary suits in New York bankruptcy court against Banco Itau Europa Luxembourg SA and one of its U.S. affiliates, Credit Agricole SA and a Swiss unit of the French bank, New York-based hedge fund group Arden Asset...
To view the full article, register now.
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.