Legal Opinion
Picard v. Magnify Inc. (In re Bernard L. Madoff Inv. Sec. LLC)
United States Bankruptcy Court, S.D. New York
Decided April 13, 2018No. Adv. Proc. No. 08–01789 (SMB) SIPA LIQUIDATION; Adv. Proc. No. 10–05279 (SMB)PublishedCited by 8 opinions
1Opinion of the Court
STUART M. BERNSTEIN, United States Bankruptcy Judge:
*833As great oaks from little acorns grow so too did the Defendants' accounts with Bernard L. Madoff Investment Securities LLC ("BLMIS")-or so it seemed. During a twenty-five year period, the Defendants deposited roughly $5.4 million in their BLMIS accounts, withdrew nearly $154 million (the "Transfers"), and in 2009, filed net equity customer claims of approximately $839 million for the balance supposedly undrawn. Plaintiff Irving H. Picard, as trustee (the "Trustee") for the liquidation of BLMIS under the Securities Investor Protection Act, 15…
2Cases cited44 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
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3Cited by8 opinions
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- Bell v. CareyDistrict Court, S.D. New York · 2020
- IMAGE MASTERS, INC. v. CHASE HOME FINANCEDistrict Court, E.D. Pennsylvania · 2024
- Irving H. Picard, Trustee for the Liquidation of B v. Bam L.P.United States Bankruptcy Court, S.D. New York · 2019
3 more not listed; retrieve them via the Exa API.