Try our Advanced Search for more refined results

Expert Analysis

A Significant Expansion Of Section 546 In Madoff Ruling

Law360, New York ( January 14, 2015, 1:38 PM EST) -- In a highly anticipated decision, the U.S. Court of Appeals for the Second Circuit ruled in Picard v. Ida Fishman Revocable Trust (In re Bernard L. Madoff Investment Securities LLC)[1] that Securities Investor Protection Act trustee Irving H. Picard could not recover certain prepetition withdrawal payments made to Madoff's customers. Relying on the broad language of the Bankruptcy Code, the Second Circuit held that Section 546(e) shields these payments from recovery even though no securities were actually purchased or sold....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!