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The Windfall Wire: Second Circuit panel says Citibank may recover nearly $500 million in inadvertently wired funds | Eversheds Sutherland (US) LLP

โ€‹โ€‹โ€‹โ€‹โ€‹โ€‹โ€‹Citibankโ€™s balance sheet is likely breathing a sigh of relief. A Second Circuit panel held that the bank may finally recoup nearly $500 million in funds that it inadvertently...
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Richard Squire | Fordham

Bio Professor Richard Squire has been a member of the Fordham faculty since 2006. He publishes primarily on the subjects of corporate law and corporate bankruptcy, and he has also written articles on antitrust and securities regulation. He has twice been elected Fordham Law Schools Teacher of the Year, in 2010 and 2011. He previously taught at Harvard College, where he won the Allyn Young Award for excellence in teaching principles of economics. From 2001 to 2002 he clerked for Judge Robert D. ...
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Second Circuit: Madoff Ponzi scheme customers did not receive fictitious profit payments "for value"

Introduction In the latest chapter of more than a decade of litigation involving efforts to recover fictitious profits paid to certain customers of Bernard Madoffs defunct brokerage firm as part of the largest Ponzi scheme in history, the U.S. Court of Appeals for the Second Circuit held in In re Bernard L. Madoff Investment Securities LLC, 976 F.3d 184 (2d Cir. 2020) (" Madoff"), that the customers did not have a defense to avoidance and recovery because they received the payments "for value....
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Second Circuit: Madoff Ponzi Scheme Customers Did Not Receive Fictitious Profit Payments "For Value" | Jones Day

To embed, copy and paste the code into your website or blog: In the latest chapter of more than a decade of litigation involving efforts to recover fictitious profits paid to certain customers of Bernard Madoffs defunct brokerage firm as part of the largest Ponzi scheme in history, the U.S. Court of Appeals for the Second Circuit held in In re Bernard L. Madoff Investment Securities LLC, 976 F.3d 184 (2d Cir. 2020) (" Madoff"), that the customers did not have a defense to avoidance and recover...
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Second Circuit Hears Appeal Over New York Ballot Access

Voters line up in front of the Yonkers Public Library in Yonkers, N.Y., on Oct. 24, 2020, the first day of early voting in the presidential election. (Mark Vergari/The Journal News via AP) MANHATTAN (CN) โ€” While a state election law complaint proceeds in federal court, a New York political party asked a circuit panel to block new rules requiring it to pick a presidential candidate to gain ballot access.ย  In front of three judges for the Second Circuit, attorneys for the Serve America Movemen...
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