A New York federal judge approves the settlement with Citco Group for victims of Bernard Madoff's Ponzi scheme.
November 23, 2015 at 09:00 AM
1 minute read
A New York federal judge on Friday approved a $125 million settlement for victims of Bernard Madoff’s Ponzi scheme. The settlement was negotiated in part by Fort Lauderdale attorneys from Boies, Schiller & Flexner.
Thirty percent of the fund will go to attorney fees for the plaintiffs. The victims’ legal team, co-led by Boies Schiller partner Stuart Singer, will receive $4.4 million in costs.
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