Bloomberg News

District Judge Takes Madoff Trustee Suit Against ABN Amro Unit

October 11, 2011

Oct. 11 (Bloomberg) -- U.S. District Judge Jed Rakoff in New York agreed to consider the validity of a $267 million lawsuit brought by the liquidator of Bernard L. adoff’s firm against a unit of ABN Amro Bank NV, according to a court filing today.

The Dutch bank asked the judge to take over its case, filed in bankruptcy court by Madoff trustee Irving Picard, citing a higher court’s ruling on limits to the power of bankruptcy judges.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net


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