Insolvency case
Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities LLC
- Authority
- US Bankruptcy Court for the Southern District of New York
- Case number
- Adv. Pro. No. 08-01789 (SMB)
- Filed or opened
- December 2008
- Organization
- Bernard L. Madoff Investment Securities LLC
- Current stage
- SIPA liquidation open. Interim distributions continuing.
- Outcome
- Pending. Trustee recoveries of about US$15.509 billion as of 23 October 2026, with distributions continuingS7.
Decisions and steps
- Seventeenth distribution brings the total to 72.015% of allowed claimsS6
Claims this case bears on
- Supported77The SIPA Trustee reported recoveries of about US$15.509 billion for BLMIS customers and that distributions reached 72.015% of each allowed claim.Company statement, 11 December 20252 records citedCorporate status
- Outdated88At the March 2009 plea a prosecutor said that given the nature and length of the scheme, victims might recover only a small fraction of their losses.Regulator statement, 12 March 20093 records citedCorporate status
Sources
- S6Tier B Madoff Trustee Requests Allocation of More Than $123 Million to Customer Fund and Court Approval to Distribute More Than $87 Million to BLMIS Customers with Allowed ClaimsSecurities Investor Protection Corporation (SIPC). Company statement. 11 December 2025.Supports the seventeenth distribution reaching 72.015% of each allowed claim. Reports a Trustee recovery of about US$14.833 billion as of 31 October 2025.
- S7Tier B Recoveries, Distributions and SIPC CommitmentOffice of the SIPA Trustee for BLMIS (Irving H. Picard, BakerHostetler). Company statement. 23 October 2026.Supports the Trustee recovery of about US$15.509 billion as of 23 October 2026. Does not state total allowed claims or an overall recovery percentage.