Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, September 30, 2009

Various Madoff Relatives Face Lawsuits from Madoff Bankruptcy Trustee


Irving Picard, the court appointed Bernard Madoff bankruptcy trustee, plans to sue two of Madoff's sons, a brother, and a neice for negligence and breach of fiduciary duty in their roles as part of Madoff's business.  According to Picard, these individuals received more than $150 million dollars from Madoff's business.  These lawsuits are part of Picard's quest to recover money for victims of Madoff's ponzi-shceme, and follow a lawsuit against Madoff's wife.

See Joanna Chung, Madoff family members facing lawsuit, Fin. Times, Sept. 27, 2009; see also my prior post.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.


Current Events | Permalink

TrackBack URL for this entry:


Listed below are links to weblogs that reference Various Madoff Relatives Face Lawsuits from Madoff Bankruptcy Trustee:


Post a comment