A judge dismissed part of a $198 million lawsuit against Bernard L. Madoff’s family by the liquidator of the con man’s firm, leaving Irving Picard free to pursue most of his claims. U.S. Bankruptcy Judge Burton Lifland struck Picard’s claims for some transfers of money out of the jailed Ponzi scheme operator’s firm. Picard, who sued Madoff’s brother, two sons and niece, is free to amend his suit, the judge said in a court filing today. Read more in Financial Advisor here.
