Rochelle on Madoff Appeal, Vitro Hearing, Kodak Retirees: Audio
About one year from now, the trustee liquidating Bernard L. Madoff Investment Securities LLC will be told by the U.S. Court of Appeals whether District Judge Jed Rakoff was correct when he invoked the so-called safe harbor for securities transactions to bar lawsuits for recovery of fictitious profits going back more than two years, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. June 28 will be a pivotal hearing for Vitro SAB when a federal district judge decides whether bondholders can begin seizing assets belonging to the Mexican glass maker and its subsidiaries. The effort by the Eastman Kodak Co. (EKDKQ) retirees' committee to remove a $50,000 a month monthly cap on professional fees is the last item on the podcast agenda.
Running time 13:32
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