Unprecedented Actions by Two District Judges

Unprecedented Actions by Two District Judges Play

Sept. 26(Bloomberg) -- Two federal district judges tied for Judge of the Week on the video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. District Judge Lynn N. Hughes in Houston took a case entirely away from the bankruptcy judge rather than hear an appeal, while District Judge Jed Rakoff wrote an opinion sitting on the appeals court in a case involving Bernard Madoff's fraud where in substance he told himself how to rule in another Madoff case he's hearing as a district judge. Former chairman of the Securities and Exchange Commission Richard C. Breeden, appointed to distribute $2.2 billion forfeited to the U.S. government, hinted he might give money to some victims of the Madoff Ponzi scheme who were denied claims by the trustee under the Securities Investor Protection Act.

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