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Bankruptcy Court Approves SIPC’s Madoff Liquidation Plan Limiting Payouts
On Tuesday, Dec. 23, US Bankruptcy Court Judge Burton Lifland approved a liquidation plan in the Madoff case proposed by the Securities Investor Protection Corp. The NY Post reports that the maximum compensation victims are eligible for under the plan is $500,000 worth of securities, with no more than $100,000 of that $500,000 in the [...]