NEW YORK - (Mealey's) Investors on Nov. 6 asked a federal judge in
New York to preliminarily approve a potential $80.25 million settlement of
claims that defendants concealed that the investors' funds were being placed in
accounts that were part of Bernard L. Madoff's massive Ponzi scheme...
A class of Madoff investors has settled with Fairfield
Greenwich and its related entities for up to $80.25 million.
These entities were Madoff feeder funds that had invested
over $4.5 billion with Madoff. In their second amended complaint, the investors
asserted claims of common law fraud federal...
The trustee tasked with recovering funds for victims of Bernard Madoff's $65 billion Ponzi scheme announced he had reached a settlement with a Connecticut hedge fund that acted as a "feeder fund" in shoveling millions of dollars into Madoff's scheme. Irving Picard, the court-appointed...