- 11 U.S.C.
Security Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC (In re Bernard L. Madoff Inv. Sec. LLC)
Mar
01
2010
Ruling
Net investment method used to assign value to claims of creditors defrauded in massive Ponzi scheme.
Procedural posture
Pending was a motion of the trustee for the substantively consolidated Securities Investor Protection Act liquidation of a broker-dealer, seeking an order (1) upholding the trustee's determination denying customer claims for amounts listed on last firm customer statements (2) affirming the trustee's determination of net equity, and (3) expunging objections to the trustee's determinations of net equity claims filed by "Objecting Claimants."
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Court
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