Madoff Victims Appeal For Right To Sue Picower Estate

Law360, New York (August 10, 2012, 6:46 PM EDT) -- Victims of Bernard Madoff's Ponzi scheme on Friday filed an appeal against a decision that stops them from pursuing a securities class action against the so-called Picower estate, which already made a $7.2 billion deal with the Madoff trustee.

A&G Goldman Partnership and Pamela Goldman filed notice with the Manhattan federal court that they would appeal a decision from a bankruptcy court that prevented them from suing the estate of Jeffrey Picower, a Madoff customer who ended up a net-winner through the Ponzi scheme.

The Picower...
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