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2nd Circ. To Reduce Fee Award In $655M Madoff Settlement

By Cara Salvatore (June 26, 2017, 5:31 PM EDT) -- The Second Circuit on Monday approved the general shape of a $655 million class action settlement involving investors in hedge funds that placed money with Bernard Madoff's investment firm, but said attorneys' fees were set too high given the low risk they took on....

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