Bernard Madoff’s sons can’t appeal a bankruptcy judge’s decision to permit a $198 million claim against them to go forward, a federal judge in Manhattan said.
U.S. District Judge William Pauley today declined to hear an appeal of the September decision in favor of Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, in his claim against several Madoff family members including Andrew Madoff and the estate of Mark Madoff, who committed suicide in December 2010.
Read Bloomberg report here.
