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Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities L.L.C.

REPLY MEMORANDUM OF LAW in Support re: 256 MOTION to Dismiss /Notice of Motion to Dismiss, dated July 27, 2012.. Document

47 Cited authorities

  1. Corley v. United States

    556 U.S. 303 (2009)   Cited 756 times   3 Legal Analyses
    Holding that a "statute should be construed so that effect is given to all its provisions, so that no part will be inoperative or superfluous"

  2. Transamerica Mortgage Advisors, Inc. v. Lewis

    444 U.S. 11 (1979)   Cited 1,332 times   6 Legal Analyses
    Holding that Congress did not provide a private right of action for § 80b-6 because the statute expressly provided other means of enforcing compliance with its terms

  3. Mills v. Electric Auto-Lite

    396 U.S. 375 (1970)   Cited 1,401 times   6 Legal Analyses
    Holding that causation of damages by materially misleading proxy misstatement could be established by showing that proxy solicitation was an "essential link in the accomplishment of the transaction"

  4. In re International Administrative Serv. Inc.

    408 F.3d 689 (11th Cir. 2005)   Cited 357 times   3 Legal Analyses
    Holding that a bankruptcy court's order is complete when made, not when it is reduced to paper and entered on the docket

  5. Decker v. Tramiel

    617 F.3d 1102 (9th Cir. 2010)   Cited 193 times   1 Legal Analyses
    Holding section 550 governs the extent of recovery

  6. In re Bernard L. Madoff Investment Securities LLC

    654 F.3d 229 (2d Cir. 2011)   Cited 157 times   4 Legal Analyses
    Affirming the use of Trustee's proposed Net Investment Method, endorsed in Antecedent Debt Decision

  7. Woods & Erickson, LLP v. Leonard (In re AVI, Inc.)

    389 B.R. 721 (B.A.P. 9th Cir. 2008)   Cited 164 times
    Holding that a trustee is not required to avoid the initial transfer from the initial transferee before seeking to avoid it and recover from subsequent transferees, and noting that this “conclusion is consistent with case law that has disallowed automatic recovery from a subsequent transferee following the avoidance of an initial transfer through a stipulated judgment or default when the transferee had not been a party to the underlying avoidance proceeding”

  8. In re Independent Clearing House Co.

    77 B.R. 843 (D. Utah 1987)   Cited 269 times
    Holding that misappropriated money becomes "property of the debtor" when the defrauded party fails to timely avoid the transaction and accepts benefits under the contract

  9. Silverman v. Actrade Capital, Inc. (In re Actrade Financial Technologies Ltd.)

    337 B.R. 791 (Bankr. S.D.N.Y. 2005)   Cited 158 times
    Holding that the presence of several badges of fraud can constitute clear and convincing evidence of actual fraudulent intent

  10. Enron Creditors Recovery Corp. v. ALFA, S.A.B. DE C.V.

    651 F.3d 329 (2d Cir. 2011)   Cited 92 times   17 Legal Analyses
    Holding that early redemption payments of commercial paper are “settlement payments” within the meaning of § 741 and thus protected by the safe harbor provision of § 546(e) and that nothing in the text of § 741 or the Bankruptcy Code support a purchase or sale requirement

  11. Section 101 - Definitions

    11 U.S.C. § 101   Cited 26,719 times   210 Legal Analyses
    Defining "securities clearing agency" by reference to the Securities Exchange Act of 1934

  12. Section 78j - Manipulative and deceptive devices

    15 U.S.C. § 78j   Cited 12,506 times   165 Legal Analyses
    Granting SEC power to establish rules to further statute forbidding manipulative or deceptive devices in connection with purchase or sale of securities

  13. Section 544 - Trustee as lien creditor and as successor to certain creditors and purchasers

    11 U.S.C. § 544   Cited 8,185 times   57 Legal Analyses
    Granting to the bankruptcy trustee the power to "avoid any transfer of an interest of the debtor in property"

  14. Section 547 - Preferences

    11 U.S.C. § 547   Cited 8,125 times   82 Legal Analyses
    Seeking to avoid preferential transfers

  15. Section 548 - Fraudulent transfers and obligations

    11 U.S.C. § 548   Cited 6,509 times   81 Legal Analyses
    Seeking to avoid constructively fraudulent transfers

  16. Section 550 - Liability of transferee of avoided transfer

    11 U.S.C. § 550   Cited 4,479 times   29 Legal Analyses
    Identifying a transferee’s liability to a trustee for, among other things, fraudulent transfers

  17. Section 546 - Limitations on avoiding powers

    11 U.S.C. § 546   Cited 2,231 times   70 Legal Analyses
    Granting an administrative expense priority claim

  18. Section 80b-6 - Prohibited transactions by investment advisers

    15 U.S.C. § 80b-6   Cited 646 times   20 Legal Analyses
    Making it unlawful for investment advisers to, among other things, defraud their clients or prospective clients

  19. Section 78u-2 - Civil remedies in administrative proceedings

    15 U.S.C. § 78u-2   Cited 34 times   16 Legal Analyses
    Authorizing SEC and other agencies to "enter an order requiring accounting and disgorgement" in administrative enforcement proceedings

  20. Section 240.10b-5 - Employment of manipulative and deceptive devices

    17 C.F.R. § 240.10b-5   Cited 9,199 times   133 Legal Analyses
    Holding liable any person who "make any untrue statement of material fact"