If Conditions Met and Agreements Approved by the Court, Trustee Anticipates Significant Additional Distributions to Commodities Customers Trading on US, Non-US Exchanges.
Lessons Learned from 9/11, 'Y2K' Helped Avert Firm Shutdowns in Latest Crisis
Under Agreement, No SIPC Fund Advances Needed To Satisfy Customers; Resolves Tens of Billions in Claims From LBI's Single Largest Claimant
SIPC Advances Used to Facilitate Recovery of $9.1 Billion for Customers
Will Total Approximately $1.5 Billion-$2.4 Billion
Scope of SIPC Protection Reaffirmed
Decision a Major Step Forward in Interest of Madoff Victims, Defendants Will Pay $162 Million to Trustee Over Five Years
Diverse Group of Securities Experts Make Recommendations For Future of Organization