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Schneiderman, Picard battle over Madoff settlement

Originally published: February 25, 2013 6:24 PM
Updated: February 25, 2013 8:53 PM
By ANTHONY M. DESTEFANO anthony.destefano@newsday.com

Photo credit: Charles Eckert | State Attorney General Eric Schneiderman. (Sept. 19, 2012)

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When New York State Attorney General Eric T. Schneiderman announced last June that he had made a settlement of $410 million with philanthropist J. Ezra Merkin, one of Bernard Madoff's biggest investors, it was seen as a boon for Merkin's investment fund customers, whose money indirectly was invested in the Madoff Ponzi scheme and lost.

But the settlement is the subject of a fight between Schneiderman...

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