2nd Circ. Jeopardizes Fund’s Buy Of $230M Madoff Claim

New York (September 26, 2014, 12:39 PM ET) — The liquidator for an offshore Bernard L. Madoff feeder fund can try to undo an imprudent sale of its $230 million claim against the Ponzi schemer’s defunct firm to a hedge fund after the Second Circuit ruled Friday that the transaction is subject to U.S. court review. Chapter 2 was just released. It is a blockbuster! It’s based on exclusive interviews the authors conducted with Madoff, himself, during the past five years and it’s based on facts to which JPMC admitted in its January 2013 settlement of criminal charges asserted by the federal government. More on Law360 here.