Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC
Feb
24
2009
Ruling
Creditors who had not filed proofs of claim were not entitled to extension of bar date for hypothetical claims arising from future avoidance proceedings.
Procedural posture
Investors who had received distributions from debtor directly or indirectly prior to December 11, 2008 sought an order modifying the Claims Procedures Order establishing Bar Dates for filing customer claims in debtor's proceeding. . They had either been paid in full or did not wish to file claims prior to the Bar Dates. The Securities Investor Protection Corporation opposed the motion.
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Court
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