RAR Entrepreneurial Fund Ltd. will not get a re-trial in a case where it was ordered to pay $18.9 million to the trustee in charge of liquidating Bernard L. Madoff Investment Securities, a federal appeals court ruled Tuesday.
A three-judge panel of the Second Circuit said it was “unmoved” by RAR’s argument that it wasn’t given enough time to object to Trustee Irving Picard’s expert witness Bruce Dubinsky, who testified during the jury trial, and that the district court wrongly ordered the company to pay Picard $6.1 million in prejudgment interest in addition to the principal amount of $12.8 million ...
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