Trustee’s Evidence Supported Summary Judgment Ruling In BLMIS Clawback Suit

Mealey's (September 23, 2022, 11:02 AM EDT) -- NEW YORK — A federal district court did not err in granting summary judgment in favor of the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) as part of Bernard L. Madoff’s massive Ponzi scheme in a clawback lawsuit against one of BLMIS’s customers because the district court properly relied on the trustee’s admission of certain evidence in support of its claims, a Second Circuit U.S. Court of Appeals panel majority affirmed....