In Re: Bernard L. Madoff Investment Securities LLC
- Analisa Torres
- 1:17-cv-07476
- U.S. District Court · Southern District of New York
- 1
In re Bernard L. Madoff Investment Securities LLC: Judge Torres dismissed an appeal after the Second Circuit vacated and remanded the bankruptcy judgment.
The parties to the appeal, including the Securities Investor Protection Corporation, Bernard L. Madoff Investment Securities LLC, Irving H. Picard, and ABN AMRO Bank N.V., were affected by the dismissal and closure of the district-court case.
What happened
In re Bernard L. Madoff Investment Securities LLC concerned an appeal involving the liquidation of Bernard L. Madoff Investment Securities LLC. The parties informed the court that the Second Circuit had vacated the bankruptcy court judgment and sent the case back to that court.
The parties asked the district court to end the appeal because of the Second Circuit’s decision and issuance of its mandate.
Judge Analisa Torres dismissed the appeal and directed the Clerk of Court to close the case. The opinion does not decide the underlying dispute.
The detailed version
- In Re: Bernard L. Madoff Investment Securities LLC · No. 1:17-cv-07476
- Analisa Torres
- Aug. 7, 2020
Background
The case involved an appeal related to the liquidation of Bernard L. Madoff Investment Securities LLC. The caption identifies the Securities Investor Protection Corporation as the plaintiff-applicant, Bernard L. Madoff Investment Securities LLC as the defendant, Irving H. Picard as the trustee for the liquidation, and ABN AMRO Bank N.V. as the defendant in the related matter.
On June 30, 2020, the parties informed the district court that the United States Court of Appeals for the Second Circuit had vacated the bankruptcy court judgment involved in the action and remanded, or sent back, the case to the Bankruptcy Court for the Southern District of New York. After the Second Circuit issued its mandate, the parties asked the district court to terminate the appeal.
Ruling
Judge Analisa Torres ordered that the appeal be dismissed and directed the Clerk of Court to close the case. The opinion does not address the merits of the underlying dispute or state whether any party prevailed on those issues.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.