Madoff Trustee Picard Blasts Critics Of $22M Fee Award

Law360, New York (December 17, 2009, 5:05 PM EST) -- With Irving Picard and his law firm $22 million richer after a fee approval, the Madoff liquidation trustee has shot back at critics who claim he is unjustly reaping rewards while foot-dragging when it comes to compensating burned investors.

“I'm doing my work. I'm entitled to be paid for doing my work,” Picard told Law360, fresh off a hearing in the U.S. Bankruptcy Court for the Southern District of New York in which he defended his application for millions in fees for himself and his law...
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