Monday, August 11, 2014

Picard Loses Bid to Upset Feeder Fund Settlements

Investors in "feeder funds" whose money was funneled into Bernard Madoff's fraudulent securities firm may receive nearly $500 million to recoup part of their lost investments, the Second Circuit ruled Friday.

Source: http://www.law.com/jsp/law/sign_me_in.jsp?article=http://www.newyorklawjournal.com/PubArticleNY.jsp?id=1202666338232&rss=newswire

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