In re: Bernard L. Madoff Investment Securities

Court:

U.S. Court of Appeals

(Second Circuit)

Amicus Issue:

Whether, in a SIPA liquidation, a subsequent transferee’s good faith under Section 550(b) should be decided under a subjective willful blindness standard or an inquiry notice standard.  Whether, in such a proceeding, the burden of pleading a lack of good faith is appropriately placed on the trustee.

Counsel of Record:

Wachtell, Lipton, Rosen & Katz

Emil A. Kleinhaus

Other Amici:

American Bankers Association