Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In re Madoff Securities)
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM
JED S. RAKOFF, District Judge.
On August 1, 2012, Irving H. Picard (“the Trustee”), the trustee appointed under the Securities Investor Protection Act (“SIPA”), 15 U.S.C. § 78aaa et seq., to administer the bankruptcy estate of Bernard L. Madoff Investment Securities LLC (“Madoff Securities”), commenced this action seeking to enjoin the defendants from consummating a $410 million settlement of claims brought by the New York Attorney General (“NYAG”) against various other defendants and to stay the underlying lawsuits that produced the settlement. On September 5, 2012, the defendants…
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