PricewaterhouseCoopers affiliates have agreed to pay $55 million to resolve claims brought by investors who suffered losses in the Bernard L. Madoff Investment Securities LLC Ponzi scheme. The parties disclosed the agreement in court papers Wednesday.
According to the proposal, which is subject to approval by Southern District Judge Victor Marrero, PricewaterhouseCoopers affiliates in Canada and the Netherlands would pay investors in so-called Madoff feeder funds that were audited by PwC and managed by Fairfield Greenwich Group.
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