New York Bankruptcy team partner Marc E. Hirschfield was mentioned in a November 10 Bankruptcy Law 360 article regarding recent court developments in the liquidation of Bernard L. Madoff Investment Securities LLC.
The article details a bankruptcy court’s decision allowing the trustee to pursue new lawsuits seeking recovery of assets from ex-customers of Madoff. It included several statements from Hirschfield, who is representing fellow Baker Hostetler partner and court-appointed Trustee Irving H. Picard. Hirschfield’s comments included an explanation of the procedures for handling these new suits—procedures that were ultimately approved by the court.
“There are no rights being trampled on here,” he was quoted as saying during the hearing. “No due process violations.”