✉news WorldLaw & Courts first seen 2 d ago, last 2 d ago, peak #21
Supreme Court Declines Madoff Safe Harbor Bankruptcy Case
Original: Supreme Court Won’t Hear Madoff Safe Harbor Bankruptcy Suit
The US Supreme Court has declined to hear a bankruptcy dispute tied to the Bernard Madoff Ponzi scheme, leaving in place a lower-court ruling. The case centered on the so-called safe harbor provision, which protects certain financial transactions from being clawed back in bankruptcy proceedings involving the Madoff estate.
Why now: The ruling affects creditors and firms seeking to recover funds from the Madoff estate, a long-running financial scandal.
US Supreme CourtBernard MadoffMadoff Investment Securities
Evidence
- Supreme Court Won’t Hear Madoff Safe Harbor Bankruptcy Suit · Bloomberg Law News
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