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SECURITIES INVESTOR PROTECTION CORP. v. BLMIS LLC

No. 12-mc-115 (JSR).

513 B.R. 437 (2014)

SECURITIES INVESTOR PROTECTION CORPORATION, Plaintiff, v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Defendant. In re Madoff Securities. Pertains to Consolidated proceedings on 11 U.S.C. § 502(d).

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

Signed June 30, 2014.

Attorney(s) appearing for the Case

Kevin H. Bell , Lauren Attard , Nathanael Stephen Kelley , Securities Investor Protection Corporation, Washington, DC, for Plaintiff.

Fred H. Perkins , Michael Richard Dal Lago , Morrison Cohen Singer & Weinstein, LLP, New York, NY, for Defendant.

OPINION AND ORDER

JED S. RAKOFF, District Judge.

Section 502(d) of the Bankruptcy Code, 11 U.S.C. § 502(d), reads as follows:

Notwithstanding subsections (a) and (b) of this section, the court shall disallow any claim of any entity from which property is recoverable under section ... 550... of this title or that is a transferee of a transfer avoidable under section ... 544, 545, 547, [or] 548 ... of this title, unless such entity or...

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