A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of Jeffrey Picower, one of the wealthiest clients of disgraced financier Bernard Madoff.
January 14, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.
U.S. Bankruptcy Judge Burton Lifland signed off on the deal at the urging of a court-appointed trustee seeking to recover funds for thousands of investors burned by Madoff’s epic Ponzi scheme.
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