Madoff Trustee Seeks To Bar 3rd-Party Suit In Luxembourg

Law360, New York (April 19, 2012, 6:56 PM EDT) -- The liquidating trustee for Bernard Madoff's investment company on Thursday sued Access Management Luxembourg SA, a third-party plaintiff in an action in Luxembourg against the trustee, seeking to keep it “from undermining this court's continuing jurisdiction” and violating an automatic stay.

Irving H. Picard, who is charged with unwinding Bernard L. Madoff Investment Securities LLC in the wake of Madoff's massive Ponzi scheme, is busy with lawsuits of his own seeking to claw back funds for the estate. He said he filed the adversary proceeding in...
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