Attorneys representing those with interests in accord with NIAP have submitted a reply brief in Bankruptcy Court arguing against the Trustee’s assertion that inflation adjustments to net equity would be too time consuming and expensive to commence. For innocent investors in Madoff, NIAP emphatically asserts the use of final account statements for the SIPC valuations of Net Equity, and in all cases when the names of real securities and realistic valuations are depicted on their statements. Barring a final account statement methodology, however, applying an appropriate opportunity cost valuation to investor’s accounts is a far superior alternative than the straight cash-in-cash-out method employed thus far by SIPC and the Trustee. Click here for reply brief.” rel=”external”>Click here for reply brief.
