After seven years, more than 1,000 pages of court rulings, 78 depositions and four appeals, Stuart Singer and David Barrett are finally nearing the end of their battle for investors who lost roughly $3 billion to so-called feeder funds run by Fairfield Greenwich Ltd. that funneled money to Ponzi schemer Bernard Madoff.
On Wednesday the two partners at Boies, Schiller & Flexner filed a $55 million settlement agreement with PricewaterhouseCoopers entities that they accused of negligence in auditing the Fairfield funds. Manhattan U.S. District Judge Victor Marrero approved the settlement on Thursday, bringing the total recovery in the case to more than $230 million, counting previous settlements with other defendants.
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