Madoff, Credit Crisis Drove Securities Deals In 2010

Law360, New York (December 27, 2010, 2:58 PM EST) -- The continued fallout from Bernard Madoff's Ponzi scheme and the credit crisis led to whopping securities litigation settlements in 2010, and experts say 2011 will likely bring more of the same.

With Madoff serving a 150-year prison sentence after confessing to orchestrating a massive scam, federal authorities and Madoff trustee Irving H. Picard of Baker & Hostetler LLP sought to recover assets for the victims of the fraud and have managed to rack up a series of huge settlements with longtime Madoff investors who turned a...
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