Lawsuits are flying in the aftermath of Bernard Madoff's alleged $50 billion investment fraud, but legal experts don't expect to see investors recovering large amounts of their lost funds. "There are going to be claims, but it's not going to be billion-dollar litigation," said John C. Coffee, a Columbia Law School professor. "This is medium-sized litigation that will probably go to relatively small firms. I don't think there are enough assets left. It's a lean and starved corpse."
The Madoff Litigation: No Billion Dollar Jackpots, More Like 'Medium-Sized'
The National Law Journal
December 19, 2008