It became known that UniCredit tries to get the case moved from the US Bankruptcy court and the bankruptcy judge must address many complex matters of non-bankruptcy federal law to resolve trustee's "unbounded claims,".
According to the Italian giant there was a serious risk of duplicative recoveries and inconsistent results and a "virtual certainty of judicial inefficiency."
Also it became known that New Jersey Rep. Scott Garrett addressed the Congress with the legislation protecting ex-investors of Madoff from claims of the victims suffered from Ponzi scheme.
According to him the ordinary investors were not aware of the scam scheme and nature of the profits they received. “I introduced this legislation because I am increasingly concerned that the trustee in the Madoff case is ignoring the law and failing to provide prompt assistance to those who have been thrust into financial chaos,” said Garrett.
