Madoff Recovery Initiative
Thursday, May 28, 2015
On April 15th, a Securities Investor Protection Act (SIPA) Trustee of Bernard L. Madoff Investment Securities LLC (BLMIS) filed a motion in the U.S. Bankruptcy Court seeking approval for an allocation of recoveries to the BLMFS Customer Fund. If the motion is approved, the Trustee will release $1.249 billion for immediate distribution to customers. Windels Marx provided counsel on the Madoff Recovery Initiative.