The attorney for the bankruptcy trustee recovering the assets of Bernard L. Madoff argued before a packed courtroom yesterday that "no one in their right mind" would use the financial statements concocted by Mr. Madoff as a basis for distributing the funds. During a nearly four-hour hearing, David J. Sheehan argued for a "cash-in/cash-out" method of compensating investors that would apply only to those who suffered net losses under the Ponzi scheme.
February 03, 2010 at 12:00 AM
1 minute read
The attorney for the bankruptcy trustee recovering the assets of Bernard L. Madoff argued before a packed courtroom yesterday that “no one in their right mind” would use the financial statements concocted by Mr. Madoff as a basis for distributing the funds.
During a nearly four-hour hearing, David J. Sheehan, an attorney for trustee Irving H. Picard, urged Bankruptcy Judge Burton Lifland to accept Mr. Picard’s “cash-in/ cash-out” method of compensating investors.
Presented by BigVoodoo
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
