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

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(s)
Limitations on Avoiding Powers; Margin or Settlement Payments.

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Commercial opinion summary, case decided on June 13, 2022 , LexisNexis #0822-015