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Court Issues Mandate on Madoff Investors’ Compensation

(Corrects to remove Picower from headline and story.)

A U.S. appeals court issued a mandate on a bid by investors in Bernard Madoff’s Ponzi scheme to change the trustee’s method of calculating who gets compensated for losses.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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