Baker & Hostetler set to make $100 million in legal fees after Madoff ponzi scheme
Baker & Hostetler.
Baker partner Irving Picard, court-appointed trustee in the bankruptcy, has personally been awarded more than $35 million in fees and expenses for work done by his firm in the case.
The Wall Street Journal has reported that a federal judge approved $37.6 million in legal fees in connection with the liquidation of Bernard Madoff's investment firm, over the objections of some victims of Mr. Madoff's multibillion dollar Ponzi scheme.
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