Irving Picard, the trustee, said victims will receive $232 million of cash, and the rights to $30.7 million of assets that are expected to be sold. Picard also said a $15 million restitution fund supervised by the office of California Attorney General Kamala Harris will pay claims by investors in partnerships related to Chais and the state. The accord requires approval by U.S. Bankruptcy Judge Stuart Bernstein in Manhattan, who is overseeing the liquidation of Bernard L. Madoff Investment Securities LLC.
Syrian opposition fighters made advances Friday in a major assault on government forces aimed at breaking a months-long siege of rebel-held districts of the battered city of Aleppo. Rebel groups including the powerful Ahrar al-Sham faction and former Al-Qaeda affiliate Fateh al-Sham Front fired waves of rockets into government-held western Aleppo, killing at least 15 civilians, a monitor said. The assault comes more than three months into a government siege of eastern Aleppo, where more than 250,000 people live, and several weeks after the army began an operation to retake the rebel east.