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In re: In Re: Fairfield Sentry Limit
Case Number:
13-3000
Court:
Nature of Suit:
3422 STATUTES-Bkrup Appeals 801
Companies
Sectors & Industries:
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January 13, 2015
2nd Circ. Affirms Wide Reach For Ch. 15 Courts
The full Second Circuit on Tuesday stood behind a landmark panel decision that jeopardized a hedge fund's purchase of a $230 million claim against the Bernard Madoff bankruptcy estate and enhanced Chapter 15 courts' ability to unwind foreign transactions.
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November 24, 2014
Fairfield Tries To Preserve Challenge Of $230M Madoff Sale
The liquidator for an offshore Bernard L. Madoff feeder fund on Friday urged the Second Circuit not to revisit its decision allowing a challenge to the sale of a $230 million claim against the Ponzi schemer's defunct firm, saying a lower court has already rejected arguments to the contrary.
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November 04, 2014
2nd Circ. Cracks Door After Foreign Madoff Fund Sale Ruling
The Second Circuit on Monday ordered the liquidator of an offshore Madoff feeder fund, who is seeking to undo the imprudent sale of a $230 million claim against the con man's defunct securities firm, to show why other arguments can't be considered to sink his bid in U.S. courts to undo the deal.
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September 26, 2014
2nd Circ. Jeopardizes Fund's Buy Of $230M Madoff Claim
The liquidator for an offshore Bernard L. Madoff feeder fund can try to undo an imprudent sale of its $230 million claim against the Ponzi schemer's defunct firm to a hedge fund after the Second Circuit ruled Friday that the transaction is subject to U.S. court review.
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May 21, 2014
2nd Circ. Mulls Voiding Fairfield's Sale of $230M Madoff Claim
Attorneys for a hedge fund that wisely bought a $230 million claim in the Bernard L. Madoff liquidation urged the Second Circuit on Wednesday to uphold the transaction, saying the Chapter 15 representative of a bankrupt Madoff feeder fund can't void the sale based on "seller's remorse."