SIPC Pushes For Review Of Madoff Clawback Claims Ruling

Law360, New York (June 11, 2014, 6:14 PM EDT) -- Securities Investor Protection Corp. urged a New York federal court Wednesday to allow the trustee liquidating disgraced Ponzi schemer Bernie Madoff's investment group to appeal a recent decision that could threaten the trustee's clawback suits against investors affected by the scheme.

SIPC is pushing the court to grant trustee Irving H. Picard's bid for certification of an interlocutory appeal of U.S. District Judge Jed S. Rakoff's April 27 decision, which allowed the defendants to seek dismissal of Picard's claims on the grounds he had failed to...
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