High Court Wants DOJ Opinion On Madoff Trustee Suit

Law360, New York (January 13, 2014, 1:41 PM EST) -- The Supreme Court on Monday asked the Department of Justice to weigh in on whether the liquidation trustee for Bernard Madoff's investment group can pursue cases seeking billions of dollars in damages from JPMorgan Chase & Co. and other banks he alleges facilitated Madoff's Ponzi scheme.

In its weekly order list, the high court invited the Solicitor General to file a brief expressing the government’s views on Irving H. Picard’s bid to overturn a Second Circuit decision denying his bid to seek damages from JPMorgan, UBS...
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