The liquidator of Bernard Madoff’s firm appealed a court ruling that tossed most of his $59 billion in claims against UniCredit SpA (UCG), Sonja Kohn and other defendants, following earlier appeals seeking to recover about $30 billion in damages from banks. Madoff trustee Irving Picard’s notice of appeal and document record were transmitted today to U.S. District Court in Manhattan by a U.S. appeals court, according to filings. U.S. District Judge Jed Rakoff on Feb. 21 dismissed Picard’s claims under the racketeering statute, which allows for triple damages, saying he couldn’t prove his allegations. Read Bloomberg report here.
