It could be likened to the legal version of winning the lottery – a group of investors in Bernard Madoff’s $65 billion Ponzi scheme, once on the brink of having their $141 million claim denied and instead facing a $28 million clawback lawsuit, now stand to not only recover their initial investment but to legally realize a sizeable profit from the largest Ponzi scheme in history. But such a remarkable outcome- indeed, the first in memory – was not typical, and is due in large part to a clever legal strategy featuring multiple parties, multiple lawsuits, and, of course, deep pockets. More in Forbes here.
