Trustee Irving H. Picard and the team of lawyers liquidating Bernard L. Madoff’s investment firm have been awarded another $34.6 million in interim counsel fees. On Tuesday, Southern District of New York Bankruptcy Judge Burton Lifland approved some $601,000 in fees to Picard and $34 million in fees to Baker & Hostetler for Feb. 1 through May 31. To date, the judge has awarded Picard and his attorneys nearly $97 million in fees.
Lifland also approved fee awards for several other law firms assisting Picard in unraveling the massive Ponzi scheme perpetrated by Madoff, including an award of $2.2 million to Windels Marx Lane & Mittendorf, which serves as special counsel to the trustee.
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