Madoff Judge Approves $35M For Baker Hostetler

Law360, New York (September 14, 2010, 1:56 PM EDT) -- A judge has awarded more than $35 million in fees and expenses to litigation trustee Irving J. Picard and his law firm Baker & Hostetler LLP for a portion of their work in the bankruptcy of notorious Ponzi schemer Bernard L. Madoff.

Judge Burton R. Lifland said during a brief hearing Tuesday in the U.S. Bankruptcy Court for the Southern District of New York that he found the fee request at issue “reasonable and appropriate” given the circumstances in the case, overruling objections from unhappy Madoff...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.