By filing countless lawsuits, threatening clawback and promising to track down every possible Madoff dollar, Irving Picard has become almost a household name.
And most lawyers just do not work that hard for free.
Picard’s firm, Baker & Hostetler submitted a fee bill asking for $21.28 million and Picard is separately seeking nearing $900,000 for his role as trustee for the Securities Investor Protection Corp, the agency that supervises brokerage liquidations. The bill covers five months, ending September 30.
Picard has recovered $1.4 billion so far, 7% of the reported investor losses to Madoff.
Reuters reported the fee submission, and has the full story here.
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