Legal fees mount in Madoff liquidation
Legal News Center
A court-appointed trustee and a Manhattan law firm working to unravel Bernard Madoff's massive fraud have rung up another $22.1 million in legals fees.
A judge approved the payment Thursday in federal bankruptcy court in Manhattan. It follows initial payouts of over $15 million in July.
Lawyers at the Baker & Hostetler firm say they're following a paper trail that spans the globe while laboring to process over 16,000 claims seeking to recover billions in losses.
Trustee Irving Picard reported last month that he so far recovered about $1.2 billion and sued hedge funds and other large investors for another $14.8 billion.
The 71-year-old Madoff was sentenced earlier this year to 150 years in prison for orchestrating an epic Ponzi scheme that wiped out life savings and entire charities.
Related listings
-
Fla. judges, lawyers must 'unfriend' on Facebook
Legal News Center 12/28/2009Florida's judges and lawyers should no longer "friend" each other on Facebook, the popular social networking site, according to a ruling from the state's Judicial Ethics Advisory Committee.At least one South Florida judge warned her pals with a Faceb...
-
Man gets 2 1/2 years in sale of gun that shot McNair
Legal News Center 12/18/2009A convicted murderer who pleaded guilty to selling the gun used to kill ex-NFL quarterback Steve McNair has been sentenced to 2 1/2 years in prison.Thirty-three-year-old Adrian Gilliam, of nearby La Vergne, was sentenced Friday in U.S. District Court...
-
Vt. court eyes value of love of man's best friend
Legal News Center 12/17/2009Vermont's highest court is being asked to decide what a dog's love is worth.The state Supreme Court on Thursday began hearing a case that started in July 2003, when Denis and Sarah Scheele, who were visiting relatives, let their mixed-breed dog wande...
Victorville CA DUI defense Attorneys
The outcome of a DUI defense will have a long-term effect on anyone’s life, making the decision to receive legal representation an easy one. The fact is, most people accused of a DUI are first offenders with no criminal background. Whether this is your first run in with the law or you have had previous convictions, you are in need of a DUI defense attorney.
The charges you are facing for a DUI range from fines, a 12-month suspension on your license and worst-case scenario, prison time. Your attorney will be able to analyze your situation to decide the best way to go about your case.
Our attorneys know the tricky ways to challenge all of the DUI tests and know how to claim improper collection of evidence. We will be able to negotiate on your behalf and free you from charges and help you keep your drivers license. The DUI process can last up to several months, we can make this process easier on you. .