NY judge may weigh wider Madoff investor relief
Tuesday, December 30, 2008 : PermalinkDailyrecord.com – A judge presiding over civil claims filed against disgraced financier Bernard Madoff says he may be willing to consider extending relief from an investors’ fund to those who invested in Madoff’s business through third parties.
OAS_AD(‘ArticleFlex_1′);U.S. District Judge Louis L. Stanton told Daniel R. Goldenson and his wife in a letter dated Dec. 24 and made public Monday that their request to be eligible for relief from the Securities Investor Protection Corporation comes "early in the large and complex procedures which are underway with respect to Madoff’s affairs."
He said that before considering the issues involved in changing the terms of SIPC’s coverage, he would need a formal application and briefing from SIPC, the Securities and Exchange Commission, a trustee for Madoff’s business and representatives of investors.
Tags: bernard madoff, congress, dec 24, district judge, financier, formal application, goldenson, investor protection corporation, investors-fund, money, oas, securities-and-exchange, securities-and-exchange-commission, securities-industry, sipc, stanton, telephone message, third parties, trustee
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