Irving Picard

Throughout his nearly 50-year legal career, Irving H. Picard has focused his practice on the complexities of bankruptcy, restructuring and creditors’ rights, and he is a leader in the field of trusteeships and receiverships.

Picard currently serves as court-appointed trustee under the Securities Investor Protection Act (SIPA) for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), an unprecedented global recovery effort stemming from one of the largest financial frauds in U.S. history.

In addition to serving as a court-appointed trustee for securities brokerage house liquidations under SIPA more than 10 times, Picard has also served as counsel to trustees under SIPA, counsel for Chapter 11 creditors’ committees, SEC receiver in a Ponzi scheme case, and disbursing agent.

In 1979, Picard was appointed as the Department of Justice’s first United States Trustee for the Southern District of New York, a position he held for nearly three years. From 1976 through 1979, he served as Assistant General Counsel of the Securities and Exchange Commission.

Memberships :

• American Bankruptcy Institute
• American Bar Association
• Federal Bar Council
• Registry of Mediators for the United States Bankruptcy Court (SDNY)
• New York State Bar Association
• National Association of Bankruptcy Trustees

Education :

• LL.M., New York University School of Law, 1967
• J.D., Boston University School of Law, 1966
• B.S., University of Pennsylvania, Wharton School of Finance, 1963

Admissions :

• U.S. Court of Appeals, First Circuit, 1977
• U.S. Court of Appeals, Seventh Circuit, 1976
• U.S. Court of Appeals, Ninth Circuit, 1977
• U.S. District Court, Northern District of New York, 1986
• U.S. District Court, District of Massachusetts, 1974