Second Circuit Revives $3.75 Billion in Lawsuits by the Madoff Trustee Against Financial Institutions
Reversing in favor of the Madoff trustee, the Second Circuit rules that inquiry notice, not willful blindness, governs the good faith defense by recipients of fraudulent transfers.
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Case Details
Case Citation
Picard v. Citibank NA (In re Bernard L. Madoff Investment Securities LLC), 20-1333 (2d Cir. Aug. 30, 2021)
Case Name
Picard v. Citibank NA (In re Bernard L. Madoff Investment Securities LLC)
Case Type
Na