Judge Rakoff’s decision potentially creates a major obstacle to the trustee’s lawsuits seeking $19 billion from JPMorgan Chase and up to nearly $60 billion from Bank Medici and its founder, the Austrian financier Sonja Kohn, as well as UniCredit of Italy, for their roles in the fraud.
Read more: Madoff Trustee’s Job Just Became Much Tougher — DealBook
Subscribe to Securities Docket by Email
