Kirkland & Ellis, Morrison & Foerster and BakerHostetler have helped agree a near $500m (£319m) pay out for victims of Bernard Madoff's infamous Ponzi scheme with two of the fraudster's feeder funds that are now in liquidation.
November 20, 2014 at 05:26 AM
1 minute read
The original version of this story was published on Legalweek
Kirkland & Ellis, Morrison & Foerster and BakerHostetler have helped agree a near $500m (£319m) pay out for victims of Bernard Madoff’s infamous Ponzi scheme with two of the fraudster’s feeder funds that are now in liquidation.
The firm negotiated the settlement with Herald Fund SPC and Primeo Fund, which, if approved by a New York bankruptcy court, will take total recoveries for customers of Bernard L. Madoff Investment Securities LLC past the $10bn (£6.4bn) mark.
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