Reuters: U.S.: Madoff payouts won't get Supreme Court review

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Madoff payouts won't get Supreme Court review Jun 25th 2012, 14:26 WASHINGTON | Mon Jun 25, 2012 10:26am EDT WASHINGTON (Reuters) - The Supreme Court declined to review how the trustee for Bernard Madoff's customers calculates victims' losses, a decision that could help speed a payout of billions of dollars. Without comment, the court let stand an August 2011 decision by a federal appeals court in New York that approved of the calculation method employed by Irving Picard, the trustee liquidating the imprisoned Ponzi schemer's firm. (Reporting By Jonathan Stempel in Washington; Editing by Gerald E. McCormick)

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