Madoff Feeder Liquidator Urges 2nd Circ. To Back Ch. 15

Law360, New York (April 30, 2012, 4:49 PM EDT) -- The liquidator for Bernard L. Madoff feeder fund Fairfield Sentry Ltd. asked the Second Circuit on Thursday to uphold the British Virgin Islands-based company’s Chapter 15 bankruptcy filing, which blocked a suit by U.S. shareholders bilked in Madoff's infamous Ponzi scheme.

Kenneth Krys responded to Morning Mist Holdings Ltd.’s appeal of a New York federal judge’s July 2010 order granting Fairfield’s Chapter 15 petition. That decision recognized the BVI action as a foreign main proceeding and put the brakes on U.S. suits against Fairfield, including a...
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