July 26, 2012
by Rebecca DiLeonardo
Madoff trustee Irving Picard has asked a bankruptcy court to approve the release of between $2.5 and $3.5 billion in recovered assets so that it can be distributed to victims of the Bernard Madoff Ponzi scheme. Picard has recovered over $9 billion in assets on behalf of Madoff victims but was ...[read more]
March 19, 2012
by Jamie Reese
Madoff trustee Irving Picard and the owners of the New York Mets on Monday reached a $162 million settlement for victims of the Bernard Madoff Ponzi scheme, avoiding a trial in the US District Court for the Southern District of New York. Jury selection was supposed to begin Monday in a trial that ...[read more]
January 18, 2012
by Katherine Getty
A judge for the US District Court for the Southern District of New York ruled on Tuesday that Madoff trustee Irving Picard cannot appeal a ruling that threw out most of his $1 billion suit against the New York Mets. In the ruling Judge Jed Rakoff found that the only purpose an appeal would serve ...[read more]
January 13, 2012
by Cody Harding
On January 13, 2011, US Bankruptcy Judge Burton Lifland approved a historic settlement with the estate of Jeffry Picower, a friend of, and investor connected to, fraudulent financier Bernard Madoff. Picower's widow agreed to return an unprecedented $7.2 billion to victims of Madoff's infamous ...[read more]
December 2, 2011
by Rebecca DiLeonardo
An order made public Thursday awarded Madoff trustee Irving Picard the right to appeal the dismissal of his $19 billion suit against JPMorgan Chase & Co.. >Judge Colleen McMahon of the US District Court for the Southern District of New York indicated in her order that, in the interest of an ...[read more]
November 2, 2011
by Katherine Getty
A judge for the US District Court for the Southern District of New York on Tuesday denied a court-appointed bankruptcy trustee from seeking damages from banks and third parties for the victims of Bernard Madoff's Ponzi scheme. Irving Picard, who was designated by the court in 2008 as trustee of ...[read more]
July 13, 2011
by Julia Zebley
Judge Burton Lifland of the US Bankruptcy Court for the Southern District of New York approved the first settlement payments to victims of the $65 billion Bernard Madoff Ponzi scheme, sending payments of approximately $200,000 to 1,224 claimants on Tuesday. Lifland also authorized a fund to hold ...[read more]
January 13, 2011
by John Paul Putney
A US bankruptcy judge approved a historic settlement on Thursday with the estate of Jeffry Picower, a friend and investor of fraudulent financier Bernard Madoff. As part of the approved settlement, Picower's widow, Barbara, has agreed to forfeit an unprecedented $7.2 billion to Trustee Irving ...[read more]
December 13, 2010
by Megan McKee
Irving Picard, the trustee charged with recovering money for the victims of the Bernard Madoff scandal, has filed close to 60 lawsuits in the past three weeks attempting to recover more than $40 billion from numerous banks, hedge funds and individuals. The influx of litigation coincided with the ...[read more]

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