Pharma Investments, Ventures & Law Weekly
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Klueger & Stein, Llp
Klueger & Stein, LLP Will Protect Madoff Investors Who Are Sued to Return Distributions
January 25th, 2009
Klueger & Stein, LLP announced that it has been contacted by investors who received distributions from Bernard L. Madoff Investment Securities, and who fear that a Madoff bankruptcy trustee may sue them to return distributions they received early on in Madoff's Ponzi scheme. Founding attorney Robert F. Klueger explained that a bankruptcy trustee's ability to seize distributions from what turned out to be a Ponzi scheme is based on the theory of "fraudulent conveyance," and may nab even those investors who were innocent victims of Madoff's scheme. This may impact even those investors who received distributions years ago. ...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-25)
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