And why not? You’d think the reporter for the Jewish Chronicle would at least think to ask the question. Everyone else is getting clawback-sued, and they didn’t – like Yeshiva – have the Madoff/Merkin Partnership on their board of trustees.
And why not? You’d think the reporter for the Jewish Chronicle would at least think to ask the question. Everyone else is getting clawback-sued, and they didn’t – like Yeshiva – have the Madoff/Merkin Partnership on their board of trustees.
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December 22nd, 2010 at 9:53AM
Don’t know, but it’s possible the trustee has decided that YU is, in fact, bankrupt– and so has no clawback-able assets.
December 22nd, 2010 at 10:16AM
Well, Yeshiva has done all it can to downplay the Madoff losses, and to defend its financial viability, so I don’t think Picard is likely to decide that.
My guess would be that they’re in negotiations and that Yeshiva will in fact quietly hand Picard a lot of money.
For instance, look at these paragraphs from a Jewish Forward article:
This is typical Yeshiva, of course – they never say anything. But note the way in which the point about Hadassah not having been sued because it’s in negotiations to give up money is directly followed by the point about Yeshiva.
December 22nd, 2010 at 3:44PM
It’s also possible, I suppose, that Yeshiva lost money with Madoff. A lot of investors did – that’s what the whole fuss is about.