Jeffry Picower

Bernard Madoff - File / Photo: Chris Hondros/Getty Images

Judge Approves Massive Madoff Settlement

A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.

01/13/2011

Jeffry Picower/AP Photo

Madoff Trustee Gets ‘Game Changing’ $7B Settlement

The trustee recovering money for Bernard Madoff’s burned investors has reached a $7.2 billion settlement with the estate of a Florida philanthropist and businessman.

12/17/2010