Wake Up Call: Madoff Fees Approach $1 Billion for Baker & Hostetler

• Since Baker & Hostetler partner Irving Picard was appointed trustee of funds recovered for victims of Bernard Madoff’s giant Ponzi scheme about a decade ago, the firm has racked up Madoff-related fees of about $925 million, a nice boost to its finances. ( Bloomberg ) ( Am Law Daily )

• Equifax Inc. revealed that its systems were hit by a cyberattack that may have affected about 143 million U.S. customers of the credit reporting agency, in one of the largest and most intrusive breaches in history. ( Bloomberg ) According to Equifax, three senior executives did not yet know about the breach when they sold shares worth almost $1.8 million ...