IN THE MATTER OF BERNARD L. MADOFF INVESTMENT SECURITIES, LLC

Nos. 16-413-bk(L), 16-420-bk(CON), 16-423-bk(CON).

IN THE MATTER OF: BERNARD L. MADOFF INVESTMENT SECURITIES, LLC., Debtor. ELLIOT G. SAGOR, EDWARD A. ZRAICK, JR., NANCY ZRAICK, PATRICIA DELUCA, KAREN M. RICH, THERESA R. RYAN, LAWRENCE J. RYAN, CALLIE A. OSTENSON-MURRAY, KELLY BUNCH, ROBERTA SCHWARTZ, BRET PALMER, SLOAN G. KAMENSTEIN, AARON BLECKER, ANGELA TILETNICK, BARBARA ENGEL, BARBARA KOTLIKOFF HARMAN, BEN HELLER, BENJAMIN T. HELLER IRREVOCABLE TRUST, BETH P. FELDMAN, BRUCE N. PALMER, CAROL FISHER, CAROL KAMENSTEIN, CHALEK ASSOCIATES LLC, DAVID CHALEK, FRANCES REISS, ISABEL CHALEK, JOHN TZANNES TRUST, MITCHEL CHALEK, MORTON CHALEK, PETER TZANNES, RICHARD MARK CHALEK, ROBIN TZANNES, LAURA HALLICK, ELAINE R. SCHAFFER, FERN C. PALMER, ESTATE OF GABRIEL FRIEDMAN C/O RICHARD FRIEDMAN EXECUTOR, FERN C. PALMER REVOCABLE TRUST, FRIEDA LOW, GLENN RECHLER, GUNTHER UNFLAT, HERBERT BARBANEL & ALICE BARBANEL JT WROS., JONATHAN SCHWARTZ, KEITH SHAFFER, MARTIN R. HARNICK, MARJORIE FORREST, KURT C. PALMER, KENNETH M. KOHL, MYRNA KOHL, STEVEN P. NORTON, ROBERT K. LOW, RICHARD M. FRIEDMAN, RONA MAST, ELAINE RUTH SCHAFFER, PHILIP E. MILLER, PAMELA K. MARXEN, SAGE REALTY, RYAN MURRAY, TRACY D. KAMENSTEIN, PALMER FAMILY TRUST, GUNTHER K. UNFLAT, ROBIN L. WARNER, JON WARNER, TIMOTHY SHAWN TEUFEL, VALERIE ANNE TEUFEL, MEGAN BUNCH, MARSHA PESHKIN, BENJAMIN RECHLER TRUST, OSCAR PALMER, BLAKE PALMER, MISHKIN FAMILY TRUST, DANA LEFAVOR, SANDY SANDLER, BOYER PALMER, SOPHIA PALMER, TIMOTHY S. TEUFEL, WILLI RECHLER TRUST, HEIDI HOLMERS, GABA PARTNERSHIP, DENIS CASTELLI, ROBERT HALIO, STEVEN C. SCHUPAK, ADELE FOX, TOBY LEES, ESTATE OF BOYER PALMER, Appellants, v. IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Appellee. SECURITIES INVESTOR PROTECTION CORPORATION, Statutory Intervenor Pursuant to Securities Investor Protection Act, 15 U.S.C. § 78eee(d), Intervenor.

United States Court of Appeals, Second Circuit.

June 1, 2017.


Attorney(s) appearing for the Case

Peter S. Partee, Sr. , Hunton & Williams LLP., ( Robert A. Rich , on the brief), New York, NY., Appearing for Appellants Edward A. Zraick Jr., Nancy Zraick, Patricia DeLuca, and Karen M. Rich (collectively "Zraick Appellants").

Elliot G. Sagor, pro se, New York, NY., Appearing for Appellant Elliot G. Sagor.

Helen Davis Chaitman , Chaitman LLP., New York, NY., Appearing for Appellants other than Sagor and Zraick Appellants.

Amy E. Vanderwal , Baker & Hostetler LLP, ( David J. Sheehan , Seanna R. Brown , on the brief), New York, NY., Appearing for Appellee.

Nathanael S. Kelley , Assistant General Counsel, ( Josephine Wang , General Counsel, Kevin H. Bell , Senior Associate General counsel for Dispute Resolution, on the brief), Securities Investor Protection Corporation, Washington, D.C., Appearing for Intervenor.

Richard A. Kirby , Laura K. Clinton , Baker & McKenzie LLP., New York, NY, Richard Levy, Jr. , Pryor Cashman LLP, New York, NY, Carole Neville, Dentons US LLP, New York, NY, William P. Weintraub , Kizzy L. Jarashow , Goodwin Procter LLP, New York, NY, amici curiae in support of Appellants, Appearing for Amici Curiae.

Present: ROSEMARY S. POOLER, PETER W. HALL, SUSAN L. CARNEY,


SUMMARY ORDER

RULINGS BY SUMMARY ORDER DO NOT HAVE PRECEDENTIAL EFFECT. CITATION TO A SUMMARY ORDER FILED ON OR AFTER JANUARY 1, 2007, IS PERMITTED AND IS GOVERNED BY FEDERAL RULE OF APPELLATE PROCEDURE 32.1 AND THIS COURT'S LOCAL RULE 32.1.1. WHEN CITING A SUMMARY ORDER IN A DOCUMENT FILED WITH THIS COURT, A PARTY MUST CITE EITHER THE FEDERAL APPENDIX OR AN ELECTRONIC DATABASE (WITH THE NOTATION "SUMMARY ORDER"). A PARTY CITING A SUMMARY ORDER MUST SERVE...

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