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Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC

Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC

Ruling
Madoff trustee's motion to propose second amended complaint was denied as he failed toplead that defendants turned a blind eye to debtor's highly probable fraud. (Bankr. S.D.N.Y.)
Issue(s)
Liability of Transferee of Avoided Transfer; Limitations on Trustee’s Right to Recover

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Commercial opinion summary, case decided on January 23, 2020 , LexisNexis #0320-017