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Thompson Assess Implications of Ruling on Madoff Recovery Calculations for Law360

February 1, 2016

In a Jan. 28, 2016 article in Law360, McGuireWoods partner John H. Thompson assessed the implications of a recent federal court ruling regarding the method used to calculate the net equity of transfers between accounts of Bernard L. Madoff Investment Securities. The U.S. District Court for the Southern District of New York recently affirmed the bankruptcy court’s decision to approve the method used by the trustee of the estate. The author notes that the decision should eliminate uncertainty that victims of Bernard Madoff’s Ponzi scheme may have regarding how the trustee will distribute on customer claims. Subscribers can read the full text of the article here.