IN RE BERNARD L. MADOFF INV. SECURITIES LLC

Nos. Nos. 12-1645-bk(L), 12-1646-bk(CON), 12-1651-bk(CON), 12-1669-bk(CON), 12-1703-bk(CON).

740 F.3d 81 (2014)

In re BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Debtor. Susanne Stone Marshall, individually and to the extent she purports to represent a class of those similarly situated, Adele Fox, individually and to the extent she purports to represent a class of those similarly situated, Claimants-Appellants, v. Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Appellee, Securities Investor Protection Corporation, Intervenor.

United States Court of Appeals, Second Circuit.

Decided: January 13, 2014.


Attorney(s) appearing for the Case

Helen Davis Chaitman ( Peter W. Smith , on the brief), Becker & Poliakoff, LLP, New York, NY, for Claimant-Appellant Susanne Stone Marshall.

Lisa S. Blatt ( Michael L. Bernstein , Charles A. Malloy , Isaac B. Rosenberg , on the brief), Arnold & Porter LLP, Washington, DC; ( Richard L. Stone , on the brief), Palm Beach, FL; ( James W. Beasley, Jr. , Joseph G. Galardi , on the brief), Beasley Hauser Kramer & Galardi, P.A., West Palm Beach, FL, for Claimant-Appellant Adele Fox.

David J. Sheehan ( Deborah H. Renner , Tracy L. Cole , Keith R. Murphy , Thomas D. Warren , on the brief), Baker & Hostetler LLP, New York, NY, for Appellee.

Josephine Wang , General Counsel, Kevin H. Bell , Senior Associate General Counsel for Dispute Resolution, Lauren Attard , Assistant General Counsel, Securities Investor Protection Corporation, Washington, DC, for Intervenor.

Before: CABRANES, RAGGI, and CARNEY, Circuit Judges.


JOSÉ A. CABRANES, Circuit Judge:

Once again, we are asked to review the liquidation proceedings involving Bernard L. Madoff Investment Securities LLC ("BLMIS")—the investment enterprise created by Bernard L. Madoff to effect his now-infamous Ponzi scheme. These consolidated appeals arise out of a permanent injunction entered by the United States Bankruptcy Court for the Southern District of New York (Burton R. Lifland, Bankruptcy Judge) and affirmed...

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