Velvel v. Picard, No. 11–986.

CourtUnited States Supreme Court
Citation133 S.Ct. 25 (Mem),183 L.Ed.2d 675,567 U.S. 934
Docket NumberNo. 11–986.
Parties Lawrence R. VELVEL, petitioner, v. Irving H. PICARD, et al.
Decision Date25 June 2012

567 U.S. 934
133 S.Ct.
25 (Mem)
183 L.Ed.2d 675

Lawrence R. VELVEL, petitioner,
v.
Irving H. PICARD, et al.

No. 11–986.

Supreme Court of the United States

June 25, 2012.


Petition for writ of certiorari to the United States Court of Appeals for the Second Circuit denied.

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6 practice notes
  • Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC, Adv. Pro. No. 08-01789 (SMB)(Substantively Consolidated)
    • United States
    • United States Bankruptcy Courts. Second Circuit. U.S. Bankruptcy Court — Southern District of New York
    • January 18, 2019
    ...(In re BLMIS ), 424 B.R. 122, 125-32 (Bankr. S.D.N.Y. 2010), aff'd , 654 F.3d 229 (2d Cir. 2011) (" Net Equity Decision "), cert. denied , 567 U.S. 934, 133 S.Ct. 24, 25, 183 L.Ed.2d 675 (2012), and the Court limits the discussion to the facts necessary to explain this decision.On December ......
  • Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC, 08-01789 (SMB) (Substantively Consolidated)
    • United States
    • United States Bankruptcy Courts. Second Circuit. U.S. Bankruptcy Court — Southern District of New York
    • December 11, 2020
    ...F.3d 229 (2d Cir. 2011) (stating that the "SIPA trustee's obligation [is] to reimburse customers based on ‘net equity’ "), cert. denied , 567 U.S. 934, 133 S.Ct. 24, 183 L.Ed.2d 675 (2012).The "net losers" (BLMIS' customers who invested more money to than they withdrew) are the real victims......
  • Sec. Inv'r Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC, 20 CV 1186-LTS
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • September 8, 2020
    ...on appeal, and was not finally resolved until the Supreme Court denied a petition for a writ of certiorari in 2012. See Velvel v. Picard, 567 U.S. 934,...
  • People v. Merkin, 13939-13939A
    • United States
    • New York Supreme Court Appellate Division
    • May 27, 2021
    ...Equities Assoc. v. Picard, 566 U.S. 1032, 132 S.Ct. 2712, 183 L.Ed.2d 65 [2012], cert denied sub nom. Ryan v. Picard and Velvel v. Picard, 567 U.S. 934, 133 S.Ct. 24, 25, 183 L.Ed.2d 675 [2012]). Beacon Assoc. Mgt. Corp. v. Beacon Assoc. LLC I, 725 F. Supp. 2d 451, 464 (S.D. N.Y.2010), reli......
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11 cases
  • Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC, Adv. Pro. No. 08-01789 (SMB)(Substantively Consolidated)
    • United States
    • United States Bankruptcy Courts. Second Circuit. U.S. Bankruptcy Court — Southern District of New York
    • January 18, 2019
    ...(In re BLMIS ), 424 B.R. 122, 125-32 (Bankr. S.D.N.Y. 2010), aff'd , 654 F.3d 229 (2d Cir. 2011) (" Net Equity Decision "), cert. denied , 567 U.S. 934, 133 S.Ct. 24, 25, 183 L.Ed.2d 675 (2012), and the Court limits the discussion to the facts necessary to explain this decision.On December ......
  • Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC, 08-01789 (SMB) (Substantively Consolidated)
    • United States
    • United States Bankruptcy Courts. Second Circuit. U.S. Bankruptcy Court — Southern District of New York
    • December 11, 2020
    ...F.3d 229 (2d Cir. 2011) (stating that the "SIPA trustee's obligation [is] to reimburse customers based on ‘net equity’ "), cert. denied , 567 U.S. 934, 133 S.Ct. 24, 183 L.Ed.2d 675 (2012).The "net losers" (BLMIS' customers who invested more money to than they withdrew) are the real victims......
  • In re Fairfield Sentry Ltd., Case No. 10–13164 SMB Jointly Administered
    • United States
    • United States Bankruptcy Courts. Second Circuit. U.S. Bankruptcy Court — Southern District of New York
    • October 13, 2015
    ...November 2008 BLMIS account statement. In re BLMIS, 654 F.3d 229, 235–238 (2d Cir.2011), cert. denied, ––– U.S. ––––, 133 S.Ct. 25, 183 L.Ed.2d 675 (2012).3 A copy of the Trade Confirmation is annexed as Exhibit A to the Krys Declaration (defined below).4 Although referring to the District ......
  • Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC, Adv. P. No. 08–01789 (SMB)
    • United States
    • United States Bankruptcy Courts. Second Circuit. U.S. Bankruptcy Court — Southern District of New York
    • March 7, 2017
    ...2014) ; SIPC v. BLMIS (In re BLMIS ), 424 B.R. 122, 125–32 (Bankr. S.D.N.Y. 2010), aff'd , 654 F.3d 229 (2d Cir. 2011), cert. denied , 567 U.S. 934, 133 S.Ct. 25, 183 L.Ed.2d 675 (2012). The Court assumes familiarity with these decisions, and recounts only the facts necessary to address the......
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