It’s been nearly a decade since Irving Picard was appointed trustee of the funds recovered for victims of Bernard Madoff’s massive Ponzi scheme. The matter is still generating payouts for victims and Baker & Hostetler, where Picard is a partner in New York.
Last month, a federal judge approved a nearly $36 million payment for four months of work by the firm, bringing Baker & Hostetler’s total fees for the matter to just shy of $925 million.
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