Baker & Hostetler set to make $100 million in legal fees after Madoff ponzi scheme

October 12, 2010 Bernard Madoff may have been a scourge to his investors, but legal work on the infamous Ponzi schemer's bankruptcy continues to pay handsome dividends for 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.

Read more at www.barandbench.com.

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