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$212 Million Settlement Reached With Madoff Feeder Funds

NEW YORK - (Mealey's) The liquidation trustee of Bernard L. Madoff Investment Securities LLC (BLMIS) has reached a $212 million settlement with two BLMIS feeder funds, according to documents filed May 18 in a New York federal bankruptcy court ( Securities Investor Protection Corp. v. Bernard L. Madoff...

$1 Billion Settlement Reached With 2nd-Largest Madoff Feeder Fund

NEW YORK - (Mealey's) Liquidation trustee for Bernard L. Madoff Investment Securities LLC (BLMIS) Irving H. Picard and 30 investment funds and affiliates of money management company Tremont Group Holdings Inc. have agreed to settle claims associated with the defendants' participation in Madoff's...

2nd Circuit: Madoff Trustee Cannot Sue Banks On Behalf Of Customers

NEW YORK - (Mealey's) The Second Circuit U.S. Court of Appeals on June 20 affirmed a district court's ruling that Bernard L. Madoff Investment Securities LLC (BMLIS) trustee Irving H. Picard cannot sue JPMorgan Chase & Co., HSBC Holdings PLC, UBS AG and UniCredit SpA for the banks' alleged...