Merkin, Madoff Trustee Fire Back Over Trial Testimony

Law360, New York (May 11, 2017, 8:08 PM EDT) -- Disgraced financier J. Ezra Merkin urged a New York bankruptcy judge to not let the trustee for Bernie Madoff’s fraudulent investment firm cripple Merkin's defenses at an upcoming trial to claw back Ponzi scheme proceeds, arguing Wednesday that certain testimony should not be barred.

Irving H. Picard, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, is suing Merkin and related entities to recover preferential and fraudulent transfers from BLMIS. The sides are gearing up for trial after U.S. Bankruptcy Judge Stuart M. Bernstein...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.