Madoff Trustee Is Dealt Fresh Legal Setback

Now watching

Next video starts in : 7 Play

Madoff Trustee Is Dealt Fresh Legal Setback

Madoff Trustee Is Dealt Fresh Legal Setback
Replay video
Up next

Prep School Rape Case Spotlights Campus Sex Assaults

Unlock your personal NFL Now stream by signing in to NFL.com

Madoff Trustee Is Dealt Fresh Legal Setback

by Wochit 0:47 mins

Madoff Trustee Is Dealt Fresh Legal Setback

by Wochit 0:47 mins

A Manhattan federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums that may have been fraudulently transferred outside the United States. In a decision on Sunday, U.S. District Judge Jed Rakoff said the trustee, Irving Picard, could not invoke federal bankruptcy law to recover money transferred outside the United States between foreign entities, citing a presumption that the law does not apply extraterritorially. According to court records, the decision affects several dozen lawsuits brought by Picard, who is liquidating Bernard L. Madoff Investment Securities LLC.

Wochit

Must Watch

  1. Creamfields - Creamfields Day 2

  2. 0:29

    Creamfields - Armin van Buuren's Trance Countdown #YahooLive

  3. 2:54

    Close Encounter With A Wild Grizzly Bear - This Happened Here

  4. 1:27

    Creamfields - Martin Garrix Interview

  5. 2:15

    Fries Around The World

  6. 0:29

    Creamfields - Laidback Luke Bounces to the Beat #YahooLive

Live Nation

  1. Creamfields - Creamfields Day 2

  2. 0:29

    Creamfields - Knife Party Energizes #YahooLive

  3. 0:29

    Creamfields - Seth Troxler Lays Down the Grooves on #YahooLive

  4. 0:29

    Creamfields - Laidback Luke Bounces to the Beat #YahooLive

  5. 0:29

    Creamfields - Dillon Francis Multiplies, Mixes Black Sheep

  6. 1:27

    Creamfields - Martin Garrix Interview

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless