Customers Move To Force Madoff Into Ch. 7

Law360 (April 1, 2009, 12:00 AM EDT) -- Customers of Bernard L. Madoff Investment Securities LLC, who say they hold more than $64 million in claims against the defunct broker-dealer and Madoff himself, filed a motion Wednesday asking a district court judge for a green light to file an involuntary bankruptcy petition against Bernard Madoff personally.

Milberg LLP and Seeger Weiss LLP filed the motion in the U.S. District Court for the Southern District of New York, in the context of the U.S. Securities and Exchange Commission’s case against Madoff and his firm, which...
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