June 25, 2012 / 2:17 PM / 6 years ago

Madoff payouts won't get Supreme Court review

WASHINGTON (Reuters) - The Supreme Court declined to review how the trustee for Bernard Madoff’s customers calculates victims’ losses, a decision that could help speed a payout of billions of dollars.

Without comment, the court let stand an August 2011 decision by a federal appeals court in New York that approved of the calculation method employed by Irving Picard, the trustee liquidating the imprisoned Ponzi schemer’s firm.

Reporting By Jonathan Stempel in Washington; Editing by Gerald E. McCormick

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below