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Legal Fees Accumulate in Madoff Bankruptcy

A court-appointed trustee and a Manhattan law firm, who have been working to unravel Bernard Madoff’s massive fraud, have rung up another $22.1 million in legal fees.

A judge approved the payment in Manhattan’s federal bankruptcy court Thursday. This payment comes after payouts of over $15 million in July.

The lawyers at Baker & Hostetler say they’re following a paper trail that spans the globe in attempt to process over 16,000 claims and seeking to recover billions in losses.

Madoff is currently serving 150 year prison sentence.

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Andrew Ostler Posted by on December 30, 2009. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

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