Many Madoff victims are eagerly anticipating the appeal of Judge Lifland’s Net Equity decision. On March 3, 2011, the Net Equity appeal will take place before the United States Court of Appeals for the Second Circuit. Lax & Neville remains at the forefront of the net equity appeal process since we represent a multitude of Madoff victims. Specifically, Lax & Neville, LLP will be arguing a portion of the appeal by raising various legal and equitable arguments that bear upon the core definition and determination of Net Equity as defined by the Securities Investor Protection Act (“SIPA”).