The U.S. Bankruptcy Court for the Southern District of New York has announced that Judge Stuart M. Bernstein will take over the wind-down of Bernard Madoff’s investment firm amid the unexpected death of Judge Burton Lifland, the Wall Street Journal reported yesterday. The case has been ongoing since December 2008, and with the recently announced J.P. Morgan Chase & Co. settlement, more than 55% of funds lost in the $17.5 billion Ponzi scheme have been recovered.
