Foreign Sovereign Immunity Bars the Madoff Trustee from Recovering $20 Million
A district judge in New York reversed the bankruptcy court, which had held that a Kuwaiti public pension fund was not entitled to sovereign immunity for having engaged in commercial activity.
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Case Details
Case Citation
Public Institution for Social Security v. Picard (In re Bernard L. Madoff Investment Securities LLC), 22-8741 (S.D.N.Y. Sept. 20, 2023).
Case Name
Public Institution for Social Security v. Picard (In re Bernard L. Madoff Investment Securities LLC)
Case Type
Na