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Securities Investor Protection Corporation: Interim Report on the Madoff Liquidation Proceeding
Securities Investor Protection Corporation: Interim Report on the Madoff Liquidation Proceeding
 
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 ńˇýnet equityńˇŁ -- has been the subject of dispute and litigation. This report discusses: (1) how the Trustee and trusteeńˇ╗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.

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