Opinion
20-CV-1029 (JMF)
09-20-2022
In re BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Debtor. v. RAR ENTREPRENEURIAL FUND, LTD., Defendant. IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, and Bernard L. Madoff, Plaintiff,
ORDER
JESSE M. FURMAN, UNITED STATES DISTRICT JUDGE
Earlier today, the Second Circuit affirmed Judge Koeltl's award, in a nearly identical case, of prejudgment interest at the rate of 4% from the date of the filing of the complaint. See Securities Investor Protection Corp. v. JABA Assocs. LP, 528 F.Supp.3d 219, 245-46 (S.D.N.Y. 2021), aff'd sub nom. Picard v. JABA Assocs. LP, Docket No. 21-872, slip op. at 31-34 (2d Cir. Sept. 20, 2022). In light of that decision, and substantially for the reasons stated in Judge Koeltl's opinion and the supplemental submissions of the Trustee, see ECF Nos. 141, 146, the Trustee's request for prejudgment interest from November 12, 2010, through the date of entry of judgment at the rate of 4% is GRANTED. The Trustee shall, after conferring with Defendant, promptly file a proposed Final Judgment consistent with this Order, the Court's prior rulings, and the jury's verdict of March 7, 2022.
SO ORDERED. 1