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Picard v. Shapiro (In re Bernard L. Madoff Inv. Secs. LLC)

Ruling: 
Madoff trustee could only recover intentional fraudulent transfers made within two years of petition date absent actual knowledge of Ponzi scheme or failure to conduct securities transactions.
Issue: 
Should Madoff trustee's proceeding to avoid transfers to account owner and family be dismissed?
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Commercial case opionion summary, case decided on November 25,2015, LexisNexis #1215-093