Sec. Inv'r Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC

Full title: SECURITIES INVESTOR PROTECTION CORPORATION, Plaintiff, v. BERNARD L…

Court: UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK

Date published: Mar 26, 2018

Adv. Proc. No. 10-04488 (SMB) (Bankr. S.D.N.Y. Mar. 26, 2018)

Opinion

Adv. Proc. No. 08-01789 (SMB) Adv. Proc. No. 10-04387 (SMB) Adv. Proc. No. 10-04488 (SMB) Adv. Proc. No. 10-04350 (SMB) Adv. Proc. No. 10-05110 (SMB)

03-26-2018

SECURITIES INVESTOR PROTECTION CORPORATION, Plaintiff, v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Defendant. In re: BERNARD L. MADOFF, Debtor. IRVING H. PICARD, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC Plaintiff, v. JAMES LOWREY, et al., Defendants. IRVING H. PICARD, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC Plaintiff, v. SOUTH FERRY BUILDING CO., et al., Defendants. IRVING H. PICARD, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC Plaintiff, v. SOUTH FERRY #2 LP, et al., Defendants. IRVING H. PICARD, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC Plaintiff, v. UNITED CONGREGATIONS MESORA, et al., Defendants.

APPEARANCES: BAKER & HOSTETLER LLP 45 Rockefeller Plaza New York, NY 10111 David J. Sheehan, Esq. Keith R. Murphy, Esq. Nicholas J. Cremona, Esq. Robertson D. Beckerlegge, Esq. Elyssa S. Kates, Esq. Heather J. McDonald, Esq. Anat Maytal, Esq. Maximillian S. Shifrin, Esq. Of Counsel Attorneys for Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC BAKER & MCKENZIE LLP 815 Connecticut Avenue, N.W. Washington, D.C. 20006 Richard A. Kirby, Esq. Laura K. Clinton, Esq. Graham R. Cronogue, Esq. Of Counsel Attorneys for Defendants SECURITIES INVESTOR PROTECTION CORPORATION 1667 K Street, N.W., Suite 1000 Washington, D.C. 20006 Josephine Wang, Esq. Kevin H. Bell, Esq. Nathanael S. Kelley, Esq. Of Counsel Attorneys for Securities Investor Protection Corporation

STUART M. BERNSTEIN United States Bankruptcy Judge

SIPA LIQUIDATION (Substantively Consolidated) ERRATA ORDER REPORT AND RECOMMENDATION TO THE DISTRICT COURT TO GRANT THE PLAINTIFF'S MOTIONS FOR SUMMARY JUDGMENT, DENY THE DEFENDANTS' MOTIONS FOR SUMMARY JUDGMENT AND ENTER MONEY JUDGMENTS IN FAVOR OF THE PLAINTIFF

APPEARANCES:

BAKER & HOSTETLER LLP
45 Rockefeller Plaza
New York, NY 10111

David J. Sheehan, Esq.

Keith R. Murphy, Esq.

Nicholas J. Cremona, Esq.

Robertson D. Beckerlegge, Esq.

Elyssa S. Kates, Esq.

Heather J. McDonald, Esq.

Anat Maytal, Esq.

Maximillian S. Shifrin, Esq.

Of Counsel Attorneys for Irving H. Picard, Trustee

for the Liquidation of Bernard L. Madoff

Investment Securities LLC BAKER & MCKENZIE LLP
815 Connecticut Avenue, N.W.
Washington, D.C. 20006

Richard A. Kirby, Esq.

Laura K. Clinton, Esq.

Graham R. Cronogue, Esq.

Of Counsel

Attorneys for Defendants

SECURITIES INVESTOR PROTECTION CORPORATION
1667 K Street, N.W., Suite 1000
Washington, D.C. 20006

Josephine Wang, Esq.

Kevin H. Bell, Esq.

Nathanael S. Kelley, Esq.

Of Counsel Attorneys for Securities Investor Protection

Corporation STUART M. BERNSTEIN United States Bankruptcy Judge :

ORDERED, that the Report and Recommendation to the District Court to Grant the Plaintiff's Motions For Summary Judgement, Deny the Defendants' Motions For Summary Judgment and Enter Money Judgments In Favor of the Plaintiff, dated March 22, 2018, be changed as follows:

A. Page 8, line 21, which states "(see Order, dated Sept. 15, 2008 at ¶ IX (ECF Case No. 08-01789 Doc. #" should be changed to state "(see Order, dated Dec. 15, 2008 at ¶ IX (ECF Case No. 08-01789 Doc. #";

B. Page 13, line 21, which states "the New York Uniform Commercial Code ("N.Y.U.C.C.) . . ." should be changed to state "the New York Uniform Commercial Code ("N.Y.U.C.C.") . . .";

C. Page 15, line 16, which states "make as shown the in following chart . . ." should be changed to state "make as shown in the following chart . . .";

D. Page 19, line 1, which states "This adversary proceeding was case number 200 on Exhibit A" should be changed to state "This adversary proceeding was case number 176 on Exhibit A"; and

E. Page 26, line 22, which states "The broker must calculate the amount of the Reserve Account on a weekly basis" should be changed to state "The broker must calculate the amount of the Customer Reserve Account on a weekly basis".

Dated: New York, New York

March 26, 2018

/s/_________

STUART M. BERNSTEIN

United States Bankruptcy Judge