Madoff Monday: Merkin Pays Up in N.Y. AG's Case, and 'Net-Winners' Lose Out at High Court

, The Litigation Daily


The NYAG's $410 million settlement with J. Ezra Merkin didn't sit well with Madoff trustee Irving Picard, who's still pressing his own $500 million case against Merkin. But Picard can console himself with some welcome news from the Supreme Court, which declined to meddle with his formula for assessing Madoff customer claims.

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