Bernard Madoff’s victims may find out if they stand a chance of being paid in full on Jan. 10, when the U.S. Supreme Court considers whether to hear an appeal in the Madoff trustee’s attempt to sue JPMorgan Chase & Co. and other banks accused of aiding the Ponzi scheme. Supported by the Securities Investor Protection Corp., Madoff trustee Irving Picard filed papers with the high court in October asking permission to appeal a June ruling by the U.S. Court of Appeals in New York that said the trustee is tainted by Mr. Madoff’s fraud and therefore barred from suing banks that enabled theft. More in Crain’s here.
