Judge OKs $212M Settlement With Madoff Feeders

Law360, New York (June 28, 2011, 12:53 PM EDT) -- A New York bankruptcy judge gave his stamp of approval Tuesday to a $212 million settlement between the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC and two of the notorious Ponzi schemer's feeder funds.

The settlement between the trustee, Irving Picard, and feeder funds Greenwich Sentry LP and Greenwich Sentry Partners LP "resolves a lot of complex issues," U.S. Bankruptcy Judge Burton R. Lifland said.

"Clearly, as an economic matter and as a resolution of difficult, complex legal issues, it does rise...
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