Madoff Trustee Provides Claim Info
Lawyers representing clients who lost money investing in Bernard Madoff’s alleged $50 billion Ponzi scheme may wish to take a close look at the newspaper.
A court-appointed trustee for Bernard L. Madoff Investment Securities has mailed off claim forms to more than 8,000 investors, but claim information is printed as well in advertisements in seven major newspapers in the U.S. and abroad, reports the Wall Street Journal (sub. req.).
Information about making a claim is also prominently featured on the Securities Investor Protection Corp. website. As discussed in earlier ABAJournal.com posts, the SIPC is expected to cover at least some Madoff investor losses for those who invested through a securities brokerage.
The deadline for filing a claim is March 4, for those on the trustee’s mailing list and July 2 for those who aren’t. The list includes only investors with open accounts during the past 12 months, the newspaper writes.
