Optimal settles claims with Madoff trustee

Fri Jun 5, 2009

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Optimal Strategic US Equity and Optimal Arbitrage managed by Optimal Investment Services, a wholly owned indirect subsidiary of Banco Santander, have entered into an agreement with Irving H. Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities (BLMIS). Under the agreement, the Trustee will allow the funds' claims in the liquidation proceedings and will reduce claw-back demands on the funds, in exchange for the funds' payment of the reduced...

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