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

Ruling: 
Safe harbor did not bar the avoidance of initial transfers given allegations that the feeder fundtransferee had actual knowledge that the debtor was not trading securities. (Bankr. S.D.N.Y.)
Issue: 
Limitations on Avoiding Powers; Margin or Settlement Payments.
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Commercial case opionion summary, case decided on June 13,2022, LexisNexis #0822-015