Legal Opinion
SPV Osus Ltd. v. UBS AG
Court of Appeals for the Second Circuit
Decided February 9, 2018No. Docket No. 16-2173PublishedCited by 289 opinions
1Opinion of the Court
Judge Calabresi concurs in the judgment and opinion of the Court, except for Part III, and files a concurring opinion.
POOLER, Circuit Judge
This case presents yet another chapter in the Bernie Madoff saga. SPV Osus Ltd. is the putative assignee of Optimal Strategic U.S. Equity Ltd (collectively, “SPV”). Optimal invested money directly with Bernard L. Madoff Investment Securities LLC (“BLMIS”). When BLMIS turned out to be a massive Ponzi scheme, see In re Bernard L. Madoff Inv. Sec. LLC, 654 F.3d 229, 231-33 (2d Cir. 2011), Optimal suffered losses it alleges totaled roughly $2.9 billion.
Seeking…
2Cases cited26 opinions
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- In Re Pacor, Inc. v. John Higgins, Jr. And Louise HigginsCourt of Appeals for the Third Circuit · 1984
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3Cited by289 opinions
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