IN RE BERNARD L. MADOFF INVESTMENT SECURITIES LLC

Case No. 08-99000 (SMB), Adv. Proc. No. 08-01789 (SMB)., 10-04932 (SMB)

In re: BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Debtor. IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Plaintiff, JPMORGAN CHASE & CO., JPMORGAN, CHASE BANK, N.A., JPMORGAN, SECURITIES LLC, and JPMORGAN, SECURITIES LTD., Defendants.

United States Bankruptcy Court, S.D. New York.

October 10, 2014.


Attorney(s) appearing for the Case

Marc E. Hirschfield, Esq. , Deborah H. Renner, Esq. , Seanna R. Brown, Esq. , David J. Sheehan, Esq. , Of Counsel BAKER & HOSTETLER LLP, New York, Attorneys for Plaintiff, Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC

Richard Levin, Esq. , David Greenwald, Esq. , Of Counsel CRAVATH, SWAINE & MOORE LLP, Worldwide Plaza New York, NY, Attorneys for SPV Optimal SUS Ltd.

Gary Svirsky, Esq. , Emily Chepiga, Esq. , Of Counsel O'MELVENY & MYERS LLP, New York, NY, Attorneys for Solus Recovery Fund L.P.


POST-TRIAL FINDINGS OF FACT AND CONCLUSIONS OF LAW DENYING APPLICATION FOR PARTIAL REFUND OF PRIOR SETTLEMENT PAYMENTS

STUART M. BERNSTEIN, Bankruptcy Judge.

At an early stage in this liquidation under the Securities Investor Protection Act ("SIPA"), Irving H. Picard, SIPA trustee (the "Trustee") of the estate of Bernard L. Madoff Investment Securities LLC ("BLMIS"), entered into a settlement agreement with Optimal Strategic U.S. Equity Ltd. ("SUS") and...

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