Irving H. Picard v. Eric T. Schneiderman et al

Plaintiff: Irving H. Picard
Defendant: Eric T. Schneiderman, Bart M. Schwartz, David B. Pitofsky, J. Ezra Merkin and Gabriel Capital Corporation
Intervenor: Securities Investor Protection Corporation
Debtor: Bernard L. Madoff Investment Securities LLC
 
Case Number: 1:2012cv06733
Filed: September 5, 2012
 
Court: New York Southern District Court
Office: Foley Square Office
County: NewYork
Presiding Judge: Jed S. Rakoff
 
Nature of Suit: Withdrawal
Cause of Action: 28:157
Jury Demanded By: None

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Date Filed#Document Text
April 15, 2013 53 Featured Case OPINION AND ORDER re: 1 MOTION TO WITHDRAW THE BANKRUPTCY REFERENCE. Bankruptcy Court Case Numbers: 12-1778A, 08-1789 (BRL) filed by David B. Pitofsky, Eric T. Schneiderman, Bart M. Schwartz. Accordingly, because the Court finds that the Trustee& #039;s claim to any relief under the automatic stay is barred by the doctrine of laches, and, independently, because the Court also finds that the Trustee's claims have no basis in law, the Court not only denies this motion for a preliminary inj unction, but also, sua sponte dismisses the entire stay action, Cf. Matthews, 739 F.2d at 251 (finding that even a violation of the automatic stay would be excused because a court exercising bankruptcy jurisdiction, "as a court of equity, nevert heless must be guided by equitable principles in exercising its jurisdiction"). The Clerk of the Court is directed to enter final judgment dismissing the Complaint with prejudice and close item number 1 on the docket of 12 Civ. 6733. (Signed by Judge Jed S. Rakoff on 4/15/2013) (tro)

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Plaintiff: Irving H. Picard
Represented By: Marc E. Hirschfield
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Defendant: Eric T. Schneiderman
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Defendant: Bart M. Schwartz
Represented By: James Craig McCarroll
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Defendant: David B. Pitofsky
Represented By: Christopher Rowe Newcomb
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Defendant: J. Ezra Merkin
Represented By: Neil A. Steiner
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Defendant: Gabriel Capital Corporation
Represented By: Neil A. Steiner
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Intervenor: Securities Investor Protection Corporation
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Debtor: Bernard L. Madoff Investment Securities LLC
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