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Madoff settlement approved in New York after Deutsche dispute resolved

By Dominic Lawson

23 October 2019

Madoff settlement approved in New York after Deutsche dispute resolved New York City / iStock.com/TomasSereda

A New York court has approved a clawback settlement between the liquidators of two British Virgin Islands-registered feeder funds and the liquidating trustee of the Madoff Ponzi scheme, after Germany’s Deutsche Bank dropped an objection to Chapter 15 recognition of their BVI proceedings.