The $90 bn question: Does Picard have standing in bank suits?

Ordinarily, the threshold question of whether a plaintiff has standing—the right to bring a suit—is pretty simple. If you’ve been harmed, you can sue. But the multibillion dollar cases that Irving Picard, the Bernard L. Madoff Investment Securities bankruptcy trustee, has brought against the banks that allegedly abetted Madoff’s Ponzi scheme are anything but simple. Read more on Thomson Reuters here.

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