We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

546(e) Safe Harbor Is Open To Madoff Victims

Law360, New York (July 6, 2015, 10:14 AM EDT) -- On June 22, 2015, the U.S. Supreme Court denied the two petitions for certiorari filed by Irving H. Picard — the trustee for the estate of Bernard L. Madoff Investment Securities (Madoff Securities) — and the Securities Investor Protection Corp. The trustee and SIPC sought review of a Second Circuit decision issued earlier this year that held that Bankruptcy Code Section 546(e) effectively bars the trustee’s attempts to recover innocent customer withdrawals from Madoff Securities made more than two years before Madoff Securities’ liquidation.[1] The trustee has stated that the application of Section 546(e) will prevent him from recovering more than...

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!



Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.



Law Firms

Government Agencies