A U.S. bankruptcy judge barred a class-action lawsuit filed in Florida against the estate of former Bernard Madoff investor Jeffry Picower. The Madoff brokerage trustee, Irving Picard, settled a lawsuit against the Picower estate for $7.2 billion in 2010, after alleging Picower knew of and profited from Madoff’s fraud. Pamela Goldman and a related partnership asked U.S. Bankruptcy Judge Burton Lifland in Manhattan to let their suit go forward, even after similar actions had been barred by Lifland and other judges on appeal, the judge said yesterday in an order filed in court. More on Bloomberg Businessweek here.
