The U.S. Supreme Court signaled interest in an appeal by the liquidator of Bernard Madoff’s firm, asking the Obama administration for advice on suits seeking $8 billion from banks alleged to have helped funnel money into his Ponzi scheme. The Madoff trustee, Irving Picard, is urging the justices to let him sue HSBC Holdings Plc (HSBA), UniCredit SpA (UCG) and UBS AG (UBSN) to recoup customer losses. A federal appeals court said Picard lacked authority to press those suits, and the justices today requested input from U.S. Solicitor General Donald Verrilli. More on Bloomberg here.
