CORRECTED: Madoff Trustee Rips Judge Over Merkin Deal

Law360, New York (June 7, 2013, 7:15 PM EDT) -- The trustee recovering money for the estate of convicted Ponzi schemer Bernard Madoff told the Second Circuit on Thursday that a federal judge exercised an “abuse of discretion” by not blocking a $410 million settlement between New York's attorney general and a prime Madoff feeder fund.

In a filing with the Second Circuit, Irving Picard charged that U.S. District Judge Jed S. Rakoff used an “improper legal standard” in denying his request for an injunction that would put a halt to the $410 million settlement between...
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