Legal Opinion
In re Ascot Fund Ltd.
United States Bankruptcy Court, S.D. New York
Decided August 12, 2019No. Case No. 19-10594 (SMB)PublishedCited by 5 opinions
1Opinion of the Court
STUART M. BERNSTEIN, United States Bankruptcy Judge:
The debtor, Ascot Fund Ltd. ("Ascot Fund"), an investment fund organized under Cayman Islands law, invested all or substantially all of its assets in Ascot Partners L.P. ("Ascot Partners"), a Delaware limited partnership. Ascot Partners, in turn, invested all or substantially all of its assets with Bernard L. Madoff Investment Securities, LLC ("BLMIS"), the vehicle through which Bernard Madoff ran his notorious Ponzi scheme. When Madoff's fraud was revealed in December 2008 and the scheme collapsed, the BLMIS investors, direct (e.g. , Ascot…
2Cases cited15 opinions
- In Re Bear Stearns High-Grade Structured Credit Strategies Master Fund, Ltd.District Court, S.D. New York · 2008
- Drawbridge Special Opportunities Fund LP v. BarnetCourt of Appeals for the Second Circuit · 2013
- In Re SPhinX, Ltd.United States Bankruptcy Court, S.D. New York · 2006
- Morning Mist Holdings Ltd. v. KrysCourt of Appeals for the Second Circuit · 2013
- In Re Bear Stearns High-Grade Structured Credit Strategies Master Fund, Ltd.United States Bankruptcy Court, S.D. New York · 2007
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3Cited by5 opinions
- B.C.I. Finances Pty Limited (in Liquidation)United States Bankruptcy Court, S.D. New York · 2025
- Culligan Ltd. and Michael MorrisonUnited States Bankruptcy Court, S.D. New York · 2021
- In Re: Natalia Mikhailovna PirogovaDistrict Court, S.D. New York · 2020
- Modern Land (China) Co., Limited and Zhang PengUnited States Bankruptcy Court, S.D. New York · 2022
- Modern Land (China) Co., Limited and Zhang PengUnited States Bankruptcy Court, S.D. New York · 2022