Foreign liquidators of the Fairfield group of investment funds, created to feed overseas investments into Bernard L. Madoff Investment Securities, can pursue lawsuits aiming to recover nearly $6 billion for investors in U.S. Bankruptcy Court rather than in the state Supreme Court’s Commercial Division, a bankruptcy judge ruled.
Southern District Bankruptcy Judge Burton R. Lifland said it would be most efficient for him to handle the suits because of his familiarity with the litigation surrounding the Madoff funds, which turned out to be a massive Ponzi scheme.
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