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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 School's 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. Sack on the U.S. Court of Appeals for the Second Circuit, and between 2002 and 2005 he was an assoc...

Introduction In the latest chapter of more than a decade of litigation involving efforts to recover fictitious profits paid to certain customers of Bernard Madoff's 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." The Second Circuit also ruled that the trustee overseeing the brokerage firm's liquidation proper...

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 Madoff's 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." The Second Circuit also ruled that the trustee ov...

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) — 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.  In front of three judges for the Second Circuit, attorneys for the Serve America Movement Party of New York argued that the government is trying to compel speech by making a state-wide par...