Irving Picard

Irving Picard News

  • JPMorgan Says Energy Watchdog May Seek to Punish Units, Workers

    JPMorgan Chase & Co., the biggest U.S. bank, was warned by federal energy-market regulators that its personnel and two subsidiaries may face claims stemming from a probe into bidding practices.

  • Madoff Trustee Appeals Ruling on New York’s Merkin Settlement

    The Bernard Madoff brokerage liquidator appealed a federal judge’s ruling that blocked his move to stop New York Attorney General Eric Schneiderman from completing a $410 million settlement with J. Ezra Merkin.

  • Madoff Trustee Asks $50 Million for Work July 1-Nov. 30

    The liquidator of Bernard Madoff’s firm asked a judge to approve $50 million of fees and expenses for his law firm’s work from July 1 through Nov. 30, according to a federal court filing in Manhattan.

  • N.Y. Wins Right to Finish $410 Million Merkin Settlement

    New York Attorney General Eric Schneiderman can go forward with a $410 million settlement with J. Ezra Merkin, using his law enforcement powers to compensate Merkin investors whose money was lost in Bernard Madoff’s Ponzi scheme, a judge ruled.

  • New York Seeks Approval to Finish Merkin Settlement

    New York Attorney General Eric Schneiderman asked a federal judge to let the state go forward with a $410 million settlement with J. Ezra Merkin, using his law enforcement powers to compensate Merkin investors whose money was lost in Bernard Madoff’s Ponzi scheme.

  • New York to Seek Approval to Complete Merkin Deal

    New York Attorney General Eric Schneiderman was to ask a federal judge for permission to complete a $410 million settlement with J. Ezra Merkin, using his law enforcement powers to compensate the former Bernard Madoff investor’s victims.

  • Nasdaq, Libor, Rajaratnam, ‘Pay for Delay’: Compliance

    Regulators cleared Nasdaq OMX Group Inc.’s plan to pay $62 million to compensate brokers for its mishandling of Facebook Inc.’s public debut, dealing a defeat to Wall Street firms that say they lost many times that amount.

  • Madoff Costs Surpass Victim Payouts as Strategy Fails

    Irving Picard, who said last year he hoped to pay investors in Bernard Madoff’s defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers.

  • Paulson Resorts, ATP, Madoff, Slavery Museum: Bankruptcy

    Paulson & Co. and Winthrop Realty Trust gave up on trying to retain ownership of the remaining four resorts they foreclosed in early 2011. Instead, they will sell the properties to secured lender Government of Singapore Investment Corp. for $1.5 billion, including $1.12 billion in cash and $360 million in debt.

  • Madoff Trustee Irving Picard Wins $43.9 Million Fees for Four Months’ Work

    Irving Picard , who is liquidating con man Bernard L. Madoff ’s estate at a cost so far of $318 million, won a bankruptcy judge’s approval of $43.9 million in fees for himself and his firm for four months’ work.

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