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MERKINS ART SALE PAVES WAY FOR SETTLEMENT

July 1, 2009

J. Ezra Merkin, the New York financier who lost more than $2.4 billion of his clients’ money in Bernard L. Madoff’s Ponzi scheme, agreed to sell his famed art collection on Tuesday for $310 million in a deal that could pave the way for a future settlement with Attorney General Andrew M. Cuomo.



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