Associated tags: Madoff investment scandal, Securities Investor Protection Corporation, AlixPartners, BakerHostetler, Bernie Madoff, SIPA, SIPC, Charles Ponzi, Insurance, Cryptocurrency, Music, Security (finance), Trustee, United States bankruptcy court, Bankruptcy, Motion, Distribution, Hearing, EST, History
Locations: TEXAS
Retrieved on:
Friday, February 23, 2024
NEW YORK and WASHINGTON, Feb. 23, 2024 /PRNewswire/ -- Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that the fifteenth pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced today.
Key Points:
- The SIPA Trustee is distributing more than $78 million on a pro rata basis to BLMIS account holders with allowed claims.
- The fifteenth interim distribution represents 0.419 percent of each allowed claim and will be paid on claims relating to 773 accounts.
- The fifteenth pro rata interim distribution was reached as a result of settlements and litigation since the last interim distribution in February 2023.
- Of these 2,290 accounts, 1,521 with claims up to $1.731 million will be fully satisfied following the fifteenth interim distribution.
United States bankruptcy court,
Distribution,
Securities Investor Protection Corporation,
AlixPartners,
CGM,
History,
BakerHostetler,
EST,
SIPA,
SIPC,
Hearing,
Madoff investment scandal,
Motion,
Bankruptcy,
Music,
Cryptocurrency,
Insurance,
Charles Ponzi,
Bernie Madoff "They have the full support of SIPC as well as our thanks for their commitment and accomplishments."
Key Points:
- "They have the full support of SIPC as well as our thanks for their commitment and accomplishments."
- "Our legal team under David Sheehan continues to achieve judicial victories on behalf of Madoff claimants with allowed claims.
- The aggregate amount distributed to eligible BLMIS customers will total approximately $14.43 billion, including approximately $849.9 million in advances committed by SIPC.
- The Fifteenth Customer Fund Allocation and Distribution Motion can be found on the United States Bankruptcy Court's website at http://www.nysb.uscourts.gov/ ; Bankr.
Retrieved on:
Friday, February 24, 2023
AlixPartners,
Charles Ponzi,
Securities Investor Protection Corporation,
Madoff investment scandal,
Trustee,
SIPA,
BakerHostetler,
SIPC,
Security (finance),
Cryptocurrency,
Insurance,
Bernie Madoff,
Court NEW YORK and WASHINGTON, Feb. 24, 2023 /PRNewswire/ -- February 24, 2023 – Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that the fourteenth pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced today.
Key Points:
- The SIPA Trustee is distributing more than $49 million on a pro rata basis to BLMIS account holders with allowed claims.
- The fourteenth interim distribution represents 0.265 percent of each allowed claim and will be paid on claims relating to 780 accounts.
- The fourteenth pro rata interim distribution was reached as a result of settlements and litigation since the last interim distribution in February 2022.
- Of these 2,289 accounts, 1,517 with claims up to $1.707 million will be fully satisfied following the fourteenth interim distribution.
