November 17, 2011
Second Circuit Refuses to Reconsider Calculation of Madoff Damages
The Second Circuit denied the petition from some Madoff investors for an en banc rehearing of the panel's decision upholding the bankruptcy trustee's method of calculating damages that excludes recovery for net winners. In re Bernard L. Madoff Investment Securities LLC (2d Cir. Nov. 8, 2011).
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