Law360: Rakoff's Foreign Fund Clawback Ruling Has Limitations


Ron D’Aversa and Peter Amend of Orrick’s Restructuring team co-authored an article on Judge Rakoff’s decision to decline to extend the reaches of Section 550(a) of the Bankruptcy Code abroad to permit the recovery of funds that were alleged to be fraudulently obtained from Bernard L. Madoff Investment Securities LLC in connection with Bernard Madoff’s Ponzi scheme.