Comments on: Secondary market datapoints of the day A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: whosinmyfund Fri, 17 Dec 2010 18:35:35 +0000 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: 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.