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§ 546

Picard v. Avellino (In re Bernard L. Madoff Inv. Sec. LLC)

Ruling
Claims against Madoff accountant with actual knowledge the firm was not trading securitieswere not barred by safe harbor and could proceed. (Bankr. S.D.N.Y.)
Issue(s)
Should the Madoff trustee’s amended proceeding to avoid and recover preferential and fraudulent transfers be dismissed?

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Commercial opinion summary, case decided on January 01, 2001 , LexisNexis #0816-078