Court approves $55 Million settlement with PwC in in Anwar v. Fairfield Greenwich Limited, et. al., 09-cv-118 (VM); total recovery of in excess of $250 Million in Madoff related class action

May 6, 2016: the Court in Anwar v. Fairfield Greenwich Limited, et. al., 09-cv-118 (VM), approved a $55 million settlement with PwC. This settlement increased to over $250 million the aggregate settlement total in the federal lawsuit that was initially filed on January 9, 2009 by Gusrae, Kaplan & Nusbaum Partner David A. Gehn, along with co-counsel, Wolf Popper, against Fairfield Greenwich Limited, the largest Bernie Madoff feeder fund, and several other defendants.