Two recent decisions in the Madoff bankruptcy cases illustrate that the legacy of Bernie Madoff will long survive the man himself.
Bernie Madoff died on April 14, 2021, while incarcerated in the Federal Medical Center in...more
11/9/2023
/ Avoidance ,
Bankruptcy Code ,
Bernie Madoff ,
Capital Markets ,
Clawbacks ,
Commercial Bankruptcy ,
Extraterritoriality Rules ,
Foreign Sovereigns ,
Fraudulent Transfers ,
Ponzi Scheme ,
Safe Harbors ,
Sovereign Immunity ,
Trustees
In an April 27, 2014 decision in the Madoff cases, Judge Jed S. Rakoff ruled that the standard of good faith should be considered differently in a Securities Investor Protection Act (SIPA) liquidation. To defeat a good faith...more