The U.S. Court of Appeals for the Second Circuit and the U.S. District Court for the Southern District of New York. Photo: Ken Lund
The panel revived dozens of actions by the Madoff trustee in February, but agreed to a motion to stay pending the outcome of a petition to the U.S. Supreme Court.
April 23, 2019 at 05:44 PM
1 minute read
The original version of this story was published on New York Law Journal
A group of nearly 250 financial institutions, facing attempts by the trustee of the Bernie Madoff fund to claw back allegedly ill-gotten gains, received a reprieve from the U.S. Court of Appeals for the Second Circuit on Tuesday, ahead of a petition to be heard by the U.S. Supreme Court.
The panel of Circuit Judges Dennis Jacobs, Rosemary Pooler, and Richard Wesley granted a stay of the February order issued by the same pending a writ of certiorari the litigants plan to file by early July.
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