• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2010 / March / 17 / Madoff Family Members Seek Dismissal of Trustee’s $200 Million Claim

Madoff Family Members Seek Dismissal of Trustee’s $200 Million Claim

By Securities Docket on March 17, 2010, 9:30 am

On Monday, Bernard Madoff’s sons Andrew and Mark Madoff, brother Peter Madoff and niece Shana Madoff filed separate motions asking the court to dismiss the “sensationalistic” complaint of Madoff trustee Irving Picard against them. Picard has sued the family members seeking the return of nearly $200 million, but the Madoff defendants argue that they were themselves victims of the Ponzi scheme.

CNBC reports that the sons argued to the court that they were the ones who actually reported the scam to authorities immediately after their father confessed to them on December 10, 2008.  Peter Madoff also argued that he is “devastated” by the scandal and that the trustee’s case seeks to impose “liability by association.”

Read the CNBC article

Posted in Criminal | Tagged Madoff, Trustee

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events