Comments on: Secondary market datapoints of the day http://blogs.reuters.com/felix-salmon/2010/12/14/secondary-market-datapoints-of-the-day/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: whosinmyfund http://blogs.reuters.com/felix-salmon/2010/12/14/secondary-market-datapoints-of-the-day/comment-page-1/#comment-22040 Fri, 17 Dec 2010 18:35:35 +0000 http://blogs.reuters.com/felix-salmon/?p=6560#comment-22040 Looks like a bid of 25/30c is way to low. From the WSJ: “The trustee as a result of today’s settlement will be in a position to make a distribution of approximately 50% of the estimated allowed claims in the liquidation proceeding,” said David Sheehan, Mr. Picard’s counsel.” Source: http://online.wsj.com/article/SB10001424 052748704034804576025392596402176.html

And this is just the start of the settlements. It’s a fair bet Picard will recovery most of the money for victims with approved claims.

www.whosinmyfund.com

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