Lawyers tasked with sifting through the fallout of Bernie Madoff’s historic Ponzi scheme on behalf of investors have earned more than $1.4 billion in fees between the unraveling of Madoff’s fraud in 2008 and his death on Wednesday.
By far, the lion’s share of approved fees - $1,250,562,343.08 to be exact - have gone to Baker & Hostetler, which has been the home of Irving Picard, the court-appointed trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC, since December 2008.
To read the full story on Westlaw Today, click here: bit.ly/3mOi3cy
Our Standards: The Thomson Reuters Trust Principles.