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Browse: Home / 2014 / July / 07 / Madoff trustee is dealt fresh legal setback — Reuters

Madoff trustee is dealt fresh legal setback — Reuters

By Securities Docket on July 7, 2014, 10:54 am

In a decision on Sunday, U.S. District Judge Jed Rakoff said the trustee, Irving Picard, could not invoke federal bankruptcy law to recover money transferred outside the United States between foreign entities, citing a presumption that the law does not apply extraterritorially.

via Madoff trustee is dealt fresh legal setback — Reuters

Posted in Criminal, Industry, Top | Tagged Bankruptcy, Madoff, Trustees

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