Friday, July 30, 2010

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Madoff Investors Sue Securities Investor Protection Corp.

Investors who held brokerage accounts at Bernard L. Madoff Investment Securities LLC, and who have been denied relief by the trustee assessing claims in the case, Feb. 24 sued to hold executives at the Securities Investor Protection Corp. responsible for…

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  1. [...] At least the SIPC is paying the trustee’s legal expenses, Mr. Gluck said. Otherwise the legal fees would eat up the estate. Meanwhile, some Madoff investors are suing SIPC. [...]



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