Madoff Trustee Seeks OK To Appeal Clawback Claims Ruling

Law360, New York (June 6, 2014, 2:28 PM EDT) -- The trustee for notorious Ponzi schemer Bernie Madoff on Thursday asked a New York federal judge to allow him to appeal a decision that could threaten his clawback suits against investors affected by the scheme, saying it conflicted with Second Circuit precedent.

Irving Picard claims that U.S. District Judge Jed S. Rakoff's April decision — which allowed defendants to seek dismissal of his claims on the grounds he had failed to adequately allege they were motivated by a lack of good faith —– is contrary to...
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