Two PricewaterhouseCoopers divisions agreed to pay $55 million to victims of Bernard Madoff’s Ponzi scheme who invested through feeder funds.

PwC Canada and PwC Netherlands were the last remaining defendants in a seven-year case brought in part by Fort Lauderdale attorneys from Boies, Schiller & Flexner. The proposed settlement filed Wednesday in New York federal court would bring the plaintiffs’ recovery to at least $235 million.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]