Securities Investor Protection Corporation: Interim Report on the Madoff Liquidation Proceeding

Home > Diane Publishing Books >

Our Price: $25.00

By A. Nicole Clowers (au)
Year: 2012
Pages: 78
Binding Paperback
ISBN 978-1-4578-2962-8

Product Code: 1457829622

Description

With the collapse of Bernard L. Madoff Investment Securities, LLC, Bernard Madoff admitted to reporting $57.2 billion in fictitious customer holdings. The Securities Investor Protection Corp. selected a trustee to liquidate the Madoff firm and recover assets for its investors. The method the Trustee is using to determine how much a customer filing a claim could be eligible to recover -- an amount known as äóìnet equityäó -- has been the subject of dispute and litigation. This report discusses: (1) how the Trustee and trusteeäó»s counsel were selected; (2) why the method for valuing customer claims was chosen; (3) costs of the liquidation; and (4) disclosures the Trustee has made about its progress. Charts and tables. This is a print on demand report.

Share your knowledge of this product with other customers... Be the first to write a review