Federal Court: Judge Had Power to Block Madoff Claims

, New York Law Journal


"In order to rule on that claim, the Bankruptcy Court was required to first resolve the fraudulent transfer issue," Cabranes said, so Lifland's authority under the Bankruptcy Code to approve the settlement and "to permanently enjoin appellants' disguised fraudulent transfer claims does not run afoul of Article III of the United States Constitution."

Helen Davis Chapman of Becker & Poliakoff argued for claimant Susanne Stone Marshall. Lisa Blatt of Arnold & Porter argued for claimant Adele Fox.

David Sheehan of BakerHostetler argued for Picard.

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