Optimum News 12 Newsday.com MSG Varsity Explore LI AM New York Optimum Autos Optimum Homes
Print Aa

Ruling hampers Madoff trustee's lawsuits

Originally published: September 29, 2011 8:25 PM
Updated: September 29, 2011 8:29 PM
By ANTHONY M. DESTEFANO  anthony.destefano@newsday.com

Irving Picard, the trustee liquidating Bernard Madoff's former

Photo credit: Getty Images, 2010 | Irving Picard, the trustee liquidating Bernard Madoff's former investment firm.

The trustee in the Bernard Madoff case may have to forgo trying to recover up to $6.2 billion for swindled investors because of a federal judge's ruling in a case involving the owners of the New York Mets, it was disclosed Thursday.

Amanda Remus, a spokeswoman for trustee Irving Picard, also said that as a result of legal uncertainty created by the ruling, further calculations were needed...

Content Preview This content is exclusive for Newsday digital access and 7-day home delivery subscribers and Optimum Online customers.

Already
registered?
Log in
Already a
subscriber/customer?
Register
Get a 4-week trial for $1
Subscribe