Madoff Trustee Picard Charges $5,803 Daily, Lawyer Says
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A lawyer who said she represents 800 Bernard L. Madoff investors told a Manhattan judge they objected to a $43.9 million fee request by trustee Irving Picard and his law firm, Baker & Hostetler LLP.
The charges for Oct. 1 through Jan. 31 work out to $5,803 daily for the trustee, who is liquidating the confidence man’s investment firm, and $351,033 daily for his law firm, including weekends and holidays, lawyer Helen Chaitman said yesterday in a court filing in U.S. Bankruptcy Court in New York.