Legal Opinion

Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In re Madoff)

United States Bankruptcy Court, S.D. New York

Decided February 17, 2016No. Adv. Pro. No. 08-01789 (SMB) (Substantively Consolidated), Adv. Pro. No. 14-02407 (SMB), Adv. Pro. No. 14-02408 (SMB)PublishedCited by 7 opinions

1Opinion of the Court

MEMORANDUM DECISION ENJOINING PROSECUTION OF DEFENDANTS’ ACTION AGAINST THE PICOWER PARTIES

STUART M. BERNSTEIN, United States Bankruptcy Judge:

In January 2011, Irving H. Picard, Esq. (“Trustee”), as trustee of the Securities Investor Protection Act (“SIPA”) liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”), settled the estate’s claims against the Picower Parties.1 *288As part of the settlement, the Court entered a permanent injunction in favor of the Picower Parties that barred creditors from asserting claims “duplicative or derivative of the claims brought by the Trustee, or…

2Cases cited21 opinions

  1. Shearson Lehman Hutton, Inc. v. Walter Wagoner, Jr., TrusteeCourt of Appeals for the Second Circuit · 1991
  2. In Re Anthony R. Martin-Trigona, Movant. In Re George Sassower, MovantCourt of Appeals for the Second Circuit · 1993
  3. St. Paul Fire and Marine Insurance Company v. Pepsico, Inc., Pepsico, Inc., Third-Party v. Banner Industries, Inc., Third-PartyCourt of Appeals for the Second Circuit · 1989
  4. Mizzaro v. Home Depot, Inc.Court of Appeals for the Eleventh Circuit · 2008
  5. In Re Livent, Inc. Noteholders Securities Litig.District Court, S.D. New York · 2001

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3Cited by7 opinions

  1. Petedge, Inc. v. GargDistrict Court, S.D. New York · 2017
  2. Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLCDistrict Court, S.D. Illinois · 2019
  3. A & G Goldman Partnership v. Capital Growth Co. (In re Bernard L. Madoff Investment Securities LLC)District Court, S.D. New York · 2017
  4. Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLCUnited States Bankruptcy Court, S.D. New York · 2017
  5. A & G Goldman P'ship v. PicardCourt of Appeals for the Second Circuit · 2018

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