New York Attorney General Eric Schneiderman persuaded a
federal judge to decide a dispute with the Bernard Madoff brokerage trustee
over distributing a $415 million settlement with a Ponzi scheme investor to
victims of the fraud, according to the good folks at Bloomberg.
U.S. District Judge Jed Rakoff in Manhattan said he was
convinced the case, started in bankruptcy court by trustee Irving Picard,
requires a ruling by a higher court “after carefully considering the parties’
written submissions and oral argument,” according to an order filed today…..
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