Reuters: Regulatory News: Madoff payouts won't get US Supreme Court review

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Madoff payouts won't get US Supreme Court review Jun 25th 2012, 14:09 Mon Jun 25, 2012 10:09am EDT WASHINGTON, June 25 (Reuters) - The U.S. Supreme Court declined to review how the trustee for Bernard Madoff's customers calculates victims' losses, a decision that could help speed a payout of billions of dollars. Without comment, the court let stand an August 2011 decision by a federal appeals court in New York that approved of the calculation method employed by Irving Picard, the trustee liquidating the imprisoned Ponzi schemer's firm.

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