Madoff Son's Widow Fights Picard Clawback Claims

Law360, New York (February 24, 2012, 7:14 PM EST) -- The widow of Bernard L. Madoff's son Mark asked a New York bankruptcy court Wednesday to shield her from a clawback suit by the trustee liquidating the Ponzi schemer’s collapsed firm.

The filing by Stephanie Mack assailed a bid by trustee Irving Picard to file an amended suit targeting her and several other members of Madoff’s extended family. The most recent complaint seeks $226.4 million in alleged illegal transfers from Bernard L. Madoff Investment Securities LLC to Madoff's sons Mark and Andrew, his brother Peter, and...
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