Madoff investment scandal

Fifteenth Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commences; Totals More Than $78 Million

Retrieved on: 
Friday, February 23, 2024
BakerHostetler, Securities Investor Protection Corporation, Trustee, AlixPartners, SIPC, SIPA, Charles Ponzi, Madoff investment scandal

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.

Madoff Trustee Requests Allocation of More Than $66 Million to Customer Fund and Court Approval to Distribute More Than $45 Million to BLMIS Customers with Allowed Claims

Retrieved on: 
Friday, December 8, 2023
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.

Fourteenth Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commences; Totals More Than $49 Million

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.

Madoff Trustee Requests Allocation of More Than $44 Million to Customer Fund and Court Approval to Distribute More Than $33 Million to BLMIS Customers With Allowed Claims

Retrieved on: 
Friday, December 9, 2022
Distribution, Bankruptcy, United States bankruptcy court, AlixPartners, BakerHostetler, CGM, SIPA, Securities Investor Protection Corporation, EST, Trustee, Hearing, SIPC, Motion, Windels Marx Lane & Mittendorf, Madoff investment scandal, Cryptocurrency, Insurance, Charles Ponzi

The proposed distribution includes the release of a $14.5 million general reserve that was previously allocated to the Customer Fund and held for unknown contingencies.

Key Points: 
  • The proposed distribution includes the release of a $14.5 million general reserve that was previously allocated to the Customer Fund and held for unknown contingencies.
  • "On behalf of SIPC, I would like to thank the SIPA Trustee and the dedicated SIPC and Trustee teams for their tireless efforts this year.
  • With this pending distribution we will have returned more than 70 percent of the stolen funds to BLMIS customers with allowed claims."
  • The Fourteenth Customer Fund Allocation and Distribution Motion can be found on the United States Bankruptcy Court's website at http://www.nysb.uscourts.gov/ ; Bankr.

Thirteenth Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commences; Totals More Than $112 Million

Retrieved on: 
Friday, February 25, 2022
Charles Ponzi, AlixPartners, Securities Investor Protection Corporation, SIPA, Madoff investment scandal, BakerHostetler, SIPC, CEO, Private investigator, Cryptocurrency, Insurance, Court, Bernie Madoff

The SIPA Trustee is distributing more than $112 million on a pro rata basis to BLMIS account holders with allowed claims.

Key Points: 
  • The SIPA Trustee is distributing more than $112 million on a pro rata basis to BLMIS account holders with allowed claims.
  • The thirteenth interim distribution represents 0.604 percent of each allowed claim and will be paid on claims relating to 791 accounts.
  • The thirteenth pro rata interim distribution was reached as a result of settlements and litigation since the last interim distribution in February 2021.
  • The average payment for an allowed claim in the thirteenth interim distribution totals $142,324.53.

MADOFF TRUSTEE REQUESTS ALLOCATION OF MORE THAN $128 MILLION TO CUSTOMER FUND AND COURT APPROVAL TO DISTRIBUTE MORE THAN $85 MILLION TO BLMIS CUSTOMERS WITH ALLOWED CLAIMS

Retrieved on: 
Friday, December 10, 2021
Securities Investor Protection Corporation, Motion, Madoff investment scandal, United States bankruptcy court, Windels Marx Lane & Mittendorf, SIPC, Bankruptcy, United States Court of Appeals for the Second Circuit, EST, BakerHostetler, SIPA, AlixPartners, CGM, Distribution, Hearing, Cryptocurrency, Insurance, Health insurance

"We look forward to additional recoveries in the future as significant court victories are won."

Key Points: 
  • "We look forward to additional recoveries in the future as significant court victories are won."
  • The aggregate amount distributed to eligible BLMIS customers will total nearly $14.25 billion, including approximately $849.9 million in advances committed by SIPC.
  • The Thirteenth Customer Fund Allocation and Distribution Motion can be found on the United States Bankruptcy Court's website at http://www.nysb.uscourts.gov/ ; Bankr.
  • It can also be found on the SIPA Trustee's website along with more information on the BLMIS liquidation at: www.madofftrustee.com .

ARDELYX INVESTIGATION: Block & Leviton Investigates Ardelyx for Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Retrieved on: 
Wednesday, August 4, 2021
Finance, Money, Economy, Leviton, Investment, Investor, Madoff investment scandal, Corporate crime

BOSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Ardelyx, Inc. (NASDAQ: ARDX) for potential securities law violations.

Key Points: 
  • BOSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Ardelyx, Inc. (NASDAQ: ARDX) for potential securities law violations.
  • Investors who have lost money should contact the firm to learn more about how they might recover those losses.
  • Investors who have lost money on their ARDX investment - whether or not they have sold that investment - are potentially eligible and should contact Block & Leviton to learn more.
  • Block & Leviton is investigating the potential filing of a securities class action lawsuit to attempt to recover losses on behalf of investors who have lost money.

DGAP-News: Northern Data AG: Status consolidated financial statements FY 2020 and ongoing projects

Retrieved on: 
Wednesday, August 4, 2021
Amstelveen, KPMG, Madoff investment scandal, International Financial Reporting Standards, Xetra, Business, Economy, Companies

Frankfurt am Main - August 3, 2021 - Northern Data AG (XETRA: NB2 , ISIN: DE000A0SMU87 ), a leading infrastructure supplier for Bitcoin mining and other HPC infrastructure solutions, is still in the process of having its consolidated financial statements for FY 2020 audited by KPMG AG Wirtschaftsprfungsgesellschaft, the auditor appointed at the Annual General Meeting.

Key Points: 
  • Frankfurt am Main - August 3, 2021 - Northern Data AG (XETRA: NB2 , ISIN: DE000A0SMU87 ), a leading infrastructure supplier for Bitcoin mining and other HPC infrastructure solutions, is still in the process of having its consolidated financial statements for FY 2020 audited by KPMG AG Wirtschaftsprfungsgesellschaft, the auditor appointed at the Annual General Meeting.
  • The company currently expects to be able to release its preliminary IFRS figures for FY 2020 by the end of September 2021 at the latest and publish its consolidated financial statements for FY 2020 shortly thereafter.
  • Northern Data AG develops and operates global infrastructure solutions in the field of High-Performance Computing (HPC).
  • Northern Data offers its HPC solutions both in large, stationary data centers and in mobile high-tech data centers that can be set up at any location worldwide.

PLL, PLLL Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited Shareholders of Class Action and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, August 2, 2021
Legal, Professional services, Madoff investment scandal

Such investors are encouraged to join this case by visiting the firms site www.bgandg.com/pll .

Key Points: 
  • Such investors are encouraged to join this case by visiting the firms site www.bgandg.com/pll .
  • This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
  • When the true details entered the market, the lawsuit claims that investors suffered damages.
  • or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484.

PLL, PLLL Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited Shareholders of Class Action and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, July 29, 2021
Lawsuit, Class action, Madoff investment scandal

Such investors are encouraged to join this case by visiting the firms site www.bgandg.com/pll .

Key Points: 
  • Such investors are encouraged to join this case by visiting the firms site www.bgandg.com/pll .
  • This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
  • When the true details entered the market, the lawsuit claims that investors suffered damages.
  • If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/pll or you may contact Peretz Bronstein, Esq.