IN RE BERNARD L. MADOFF INV. SECURITIES LLC

Docket Nos. 20-1333, 20-1334 August Term 2020.

12 F.4th 171 (2021)

IN RE: BERNARD L. MADOFF INVESTMENT SECURITIES LLC Irving H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Plaintiff-appellant, and Securities Investor Protection Corporation, Appellant, v. Citibank, N.A., Citicorp North America, Inc., Defendants-Appellees. Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Plaintiff-Appellant, and Securities Investor Protection Corporation, Appellant, v. Legacy Capital Ltd., Khronos LLC, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: August 30, 2021.


Attorney(s) appearing for the Case

ROY T. ENGLERT, JR. , Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP, Washington, D.C., Special Counsel ( David J. Sheehan , Seanna R. Brown , Amy E. Vanderwal , Matthew D. Feil , Chardaie C. Charlemagne , Baker & Hostetler LLP, New York, NY; Matthew M. Madden , Leslie C. Esbrook , Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP, Washington, D.C., Special Counsel, on the brief); for Plaintiff-Appellant Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC.

NATHANAEL S. KELLEY , Associate General Counsel ( Kenneth J. Caputo , General Counsel, Kevin H. Bell , Senior Associate General Counsel, on the brief), Securities Investor Protection Corporation, Washington, D.C., for Appellant Securities Investor Protection Corporation.

CARMINE D. BOCCUZZI, JR. ( E. Pascale Bibi , Ariel M. Fox , on the brief), Cleary Gottlieb Steen & Hamilton LLP, New York, NY, for Defendants-Appellees Citibank N.A., Citicorp North America, Inc.

ERIC B. FISHER ( Lindsay A. Bush , on the brief), Binder & Schwartz LLP, New York, NY, for Defendants-Appellees Legacy Capital Ltd., Khronos LLC.

Before: WESLEY, SULLIVAN, MENASHI, Circuit Judges.


These appeals are the latest installments in the long-running litigation arising from Bernard Madoff's Ponzi scheme. Madoff falsely claimed to invest money he received from customers of Bernard L. Madoff Investment Securities LLC ("BLMIS"). When customers wanted to withdraw money, BLMIS transferred funds directly to them,...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases