LexisNexis® Legal Newsroom
Court Approves Second Distribution to Madoff Victims; Customers With Allowed Claims Set to Receive 33.54% Distribution

A New York federal bankruptcy judge approved a request by the trustee liquidating Bernard Madoff's now-defunct brokerage to make a second distribution to victims that could be as high as $2.4 billion. The ruling by United States District Judge Burton Lifland clears the way for victims holding approved...