Madoff Investor Asks Appeals Court to Toss Picower Accord

An investor in Bernard Madoff’s Ponzi scheme asked a federal appeals court to throw out a lower- court decision barring her from suing over a $7.2 billion settlement by the U.S. with the estate of Jeffry Picower. Giving Madoff trustee Irving Picard priority in dealing with the Picower estate, the district judge denied the investor, Adele Fox, the right to sue the estate herself, she said in a filing yesterday in the U.S. Court of Appeals in New York. Read Bloomberg report here.

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