In an opinion yesterday, Judge Rakoff rejected a motion from the trustee of Bernard Madoff’s securities firm to void a $410 million settlement between the New York Attorney General and certain Madoff feeder funds associated with Ezra Merkin. Judge Rakoff found that the trustee had simply waited too long:
Continue Reading Judge Rakoff Denies Madoff Trustee’s Attempt to Halt NYAG Settlement With Feeder Fund