Seeger Weiss & Milberg File Petition to Force Madoff into Personal Bankruptcy

April 15, 2009

Seeger Weiss, along with co-counsel from Milberg LLP recently filed a petition that, if granted, could make Madoff's personal assets available for investors to recover a portion of their investments. The petition was filed soon after Judge Louis Stanton reversed an earlier decision that blocked that option. The SEC and the prosecution maintained that nearly all of Madoff's personal assets were linked to his financial crimes, and personal bankruptcy could delay recovery by victims of his Ponzi scheme, but Judge Stanton disagreed, and reversed the prior holding.

Read more at the Am Law Daily.

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