Madoff Trustee Floats $29M Settlement Of Sumitomo Litigation

By Vince Sullivan · October 30, 2026, 6:18 PM EDT

The trustee overseeing the liquidation of Bernie Madoff's sham investment fund has proposed a settlement worth about $29 million with Sumitomo Trust & Banking Co. Ltd. to resolve a clawback action...

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Case Information

Case Title

Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities, LLC. et a

Case Number

1:08-ap-01789

Court

New York Southern

Nature of Suit

Date Filed

December 11, 2008