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. John C. Coffee, a Columbia Law School professor who specializes in corporate law, said he doesn't anticipate any financial recovery to top $20 million, making it relatively small potatoes compared to other legal issues that firms are dealing with involving the meltdown of the financial markets.
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The Madoff litigation: no billion dollar jackpots; more like 'medium-sized litigation'
The National Law Journal
December 19, 2008
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