Some Clarity On Madoff Recovery Calculations

Law360, New York (January 28, 2016, 4:21 PM EST) -- John H. Thompson

Alex M. Lurie The U.S. District Court for the Southern District of New York recently affirmed the bankruptcy court's decision to approve the method used by the trustee of the estate of Bernard L. Madoff Investment Securities LLC (BLMIS) to value the net equity of transfers between BLMIS accounts. See In re BLMIS, Case No. 1:15-cv-01195-PAE, Doc. No. 32 (S.D.N.Y. Jan. 14, 2016).


The Securities Investor Protection Act (SIPA) provides that customers of a failed broker-dealer will "share ratably in such customer property on the basis and to the extent of their respective net equities."

Previously, the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!