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Picower, Madoff Estate Reach $7.2 Billion Settlement

By Ashby Jones

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In a little over two hours, a group of individuals that includes Preet Bharara, the U.S. Attorney for the Southern District of New York and Irving Picard, the lawyer attempting to recoup money on behalf of Bernie Madoff's victims, will announce a huge settlement that will bring $7.2 billion into Picard's coffers.

Full post as published by Law Blog - WSJ.com on December 17, 2010 (boomark / email).

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