The latest from The Am Law Daily
| Madoff Trustee Picard Drops $3.8 Billion in Claims | Top |
| The trustee said he'd seek collection of only $70 million from the funds after agreeing to $3.9 billion in judgements. But the agreement reduces Fairfield Sentry's claims on the Madoff estate's customer fund by $1 billion, and Picard's counsel at Baker & Hostetler said the settlement will also "enhance" the trustee's efforts to recover billions for Madoff customers. | |
| Vinson & Elkins Opens in Saudi Arabia | Top |
| Looaye Al-Akkas, a former Baker & McKenzie senior associate, joins the firm as partner to lead the new office in Riyadh, Vinson & Elkins's third in the Middle East. | |
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