Madoff Investor Calls On 2nd Circ. To Oust Trustee

Law360, New York (June 13, 2012, 6:39 PM EDT) -- An investor bilked in Bernard L. Madoff's Ponzi scheme asked the Second Circuit on Tuesday to oust Madoff's liquidation trustee, claiming he withheld information about a $220 million sweetheart settlement with a Madoff associate's heirs.

Marsha Peshkin appealed a New York federal judge’s Feb. 16 ruling denying her motion to remove Bernard L. Madoff Investment Securities LLC trustee Irving H. Picard. The trustee allegedly concealed material information about a settlement with Madoff associate Norman Levy, a real estate developer who died in 2005.

A bankruptcy judge...
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