In Re: Bernard L. Madoff Investment Securities LLC

Valuation Ruling in the Madoff Bankruptcy and SIPC Awards

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In a decision filed on Monday, Federal Bankruptcy Judge Burton R. Lifland ruled that losses should be defined as the difference between the cash paid into a Madoff account and the amount withdrawn before the fraud collapsed in mid-December 2008.

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Published In: Bankruptcy Updates, Securities Updates

Reference Info:Decision | Federal, 2nd Circuit, New York | United States