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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Unpaid Spanish air hostesses strip in protest 31 Mar 2010 Democrats lie low after healthcare victory 11:24am EDT Sex virus blamed for rise in head and neck cancers 26 Mar 2010 Reviews praise Apple iPad battery life, ease of use 4:45pm EDT Fearful, angry Latinos might shun Census 31 Mar 2010 Special Report:Holy bubble! Churches struck down by foreclosures | Video 12:52pm EDT Sex virus blamed for rise in head and neck cancers 26 Mar 2010 Publishers bet future on iPad they haven't yet seen 31 Mar 2010 Unpaid Spanish air hostesses strip in protest 31 Mar 2010 Pope has immunity in abuse trials: Vatican | Video 2:11pm EDT Special Report Foreclosing on God Churches couldn't resist the temptation of few-questions-asked loans. Now they're paying for their sins. Inside the congregations that can't pay the bills. Full Article Thrifty faithful hurts churches FaithWorld: Charities hit by recession John Malkovich seeks $2.23 million from Madoff trustee Jonathan Stempel NEW YORK Thu Apr 1, 2010 4:39pm EDT Related News John Malkovich seeks $2.23 mln from Madoff trustee 4:37pm EDT UPDATE 1-Tribune lenders object to bankruptcy plan timeline 7:51am EDT Tribune seeks one more month to file bankruptcy plan Wed, Mar 31 2010 Accounting woes threaten Madoff trading unit buyer Wed, Mar 31 2010 Accounting woes threaten Madoff trading unit buyer Wed, Mar 31 2010 NEW YORK (Reuters) - Actor John Malkovich, a former client of Bernard Madoff, is seeking to recover $2.23 million from the liquidation of the securities firm once run by the imprisoned Ponzi schemer. U.S. | Entertainment | People In a Thursday filing in Manhattan bankruptcy court, the John Malkovich Pension Plan and Trust objected to a decision by Irving Picard, the trustee liquidating Madoff's firm, to award it $670,000. Like many other Madoff investors, the Malkovich trust argued that it deserves the balance reflected on its November 30, 2008 account statement from Bernard L. Madoff Investment Securities LLC, the final statement prior to Madoff's arrest 11 days later. On March 1, U.S. Bankruptcy Judge Burton Lifland, who is overseeing the Madoff firm's liquidation, endorsed Picard's "net equity" method to calculate losses, marking the differences between what investors put into and took out of the firm. Victims who believe the final balances reflect what they should recover, even if the sums are fictitious, are appealing to a federal appeals court in New York. The Malkovich trust said it expected that court to overturn Lifland's ruling. "A customer generally expects to receive what he believes is in his account at the time the stockbroker ceases business," the trust argued. "While there may be a basis to disallow customer claims for wholly fictitious securities of nonexisting entities, here the securities set forth on (the) Malkovich Trust's final BMIS statement and prior statements were those of actual companies listed on the stock exchange," the trust argued. Among other victims of Madoff's estimated $65 billion Ponzi scheme are actor Kevin Bacon, Hall of Fame baseball pitcher Sandy Koufax, World Trade Center site developer Larry Silverstein, Nobel Peace Prize winner Elie Wiesel and New York Mets owner Fred Wilpon. Bernard Madoff is serving a 150-year prison sentence. The case is Securities Investor Protection Corp v. Bernard L. Madoff Investment Securities LLC, U.S. Bankruptcy Court, Southern District of New York, No. 08-1789. (Reporting by Jonathan Stempel) U.S. Entertainment People Add a Comment More from Reuters GM and Ford March auto sales jump DETROIT (Reuters) - Automakers posted sharp jumps in U.S. sales in March helped by incentives as General Motors and Ford Motor Co both reported 43 percent increases from a year earlier in their key brands. Dow, S&P 500 ride data higher; RIM drags Nasdaq Dollar, stocks rally on world factory data | Video Exclusive: Recession spurs student lending in U.S: Equifax IMF to proceed with Iceland loan review U.S. Navy captures pirates in clash off Seychelles » More Top News Special Report: iPad striptease: A peek inside Apple doesn't want you to know what's inside its new gadget, but two guys armed with heat guns and suction cups have other ideas. Reuters joins the race to break open the iPad. Full Article Reviews praise battery life, ease of use Want to see the iPad? Join the club Publishers place blind bet on iPad Will you buy the iPad? Apple iPad Special Report: Foreclosing on God Churches couldn't resist the temptation of few-questions-asked loans. Now they're paying for their sins. Inside the congregations that can't pay the bills. Full Article Thrifty faithful hurts churches FaithWorld: Charities hit by recession U.S. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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