TWITTER FEED
June 15, 2016
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Bankruptcy Court approves Trustee’s 7th distribution of $171M to Madoff claimants; total repaid will rise to $9.45B.

ORDER APPROVING A SEVENTH ALLOCATION OF PROPERTY TO THE FUND
OF CUSTOMER PROPERTY AND AUTHORIZING SEVENTH INTERIM
DISTRIBUTION TO CUSTOMERS


Upon consideration of the motion (the “Motion”)1, dated May 26, 2016, filed by Irving H. Picard, as trustee (“Trustee”) for the liquidation of the business of Bernard L. Madoff Investment Securities LLC (“BLMIS”) under the Securities Investor Protection Act, 15 U.S.C. §78aaa et seq. (“SIPA”), and the substantively consolidated estate of Bernard L. Madoff (“Madoff”) (collectively, “Debtor”), for an Order Approving the Trustee’s Seventh Allocation of Property to the Fund of Customer Property and Authorizing Seventh Interim Distribution to Customers (ECF No. 13405), and the Affidavit of Vineet Sehgal, executed May 26, 2016 (ECF No. 13406), and it appearing that due and proper notice of the Motion and the relief requested therein have been given, and no other or further notice needing to be given; and a hearing having been held on the Motion on June 15, 2016; and the Court having reviewed the Motion, responsive pleadings, the arguments of counsel and the record in this case; and the Court, as set forth in the transcript of the hearing on the Motion, having determined that the legal and factual bases set forth in the Motion establish just cause for the relief granted herein, and after due deliberation and sufficient cause appearing therefor,
IT IS HEREBY:

ORDERED, that the relief requested in the Motion is hereby granted; and it is further

ORDERED, that any objections to the Motion are hereby overruled; and it is further

ORDERED, that all holders of current and future allowed customer claims for amounts

still due to them are eligible to receive a distribution consistent with the relief granted herein.

Dated: New York, New York
June 15th, 2016

HONORABLE STUART M. BERNSTEIN
UNITED STATES BANKRUPTCY JUDGE

http://www.madofftrustee.com/document/dockets/007172-blmisorder08-01789docket13512.pdf