When it comes to the Madoff bankruptcy case, the venue matters. Prominent lawsuits filed by Irving H. Picard, the trustee in the case, will be reviewed in Federal District Court rather than in United States Bankruptcy Court. It is an important shift, one that may result in the dismissal of some claims and limit the amount Mr. Picard can recover for investors.
Read more: In Shift to New Court, Risks for Madoff Trustee’s Case — DealBook
