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

Ruling: 
Stay enforced against Cayman Islands transferees and Cayman Islands action against estate precluded.
Procedural posture: 
Plaintiff, the trustee for the substantively consolidated Securities Investor Protection Act (SIPA), 15 U.S.C. §§ 78aaa et seq., moved for entry of an order enforcing the automatic stay of 11 U.S.C.S. § 362(a), the provisions of SIPA prohibiting suits against the trustee, and the court's injunctive powers under 11 U.S.C.S. § 105(a), against claims filed by defendant transferees in a Cayman Islands action.
Issue: 
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Commercial case opionion summary, case decided on October 12,2011, LexisNexis #1111-074