Employee Benefit Plans Certified As Class In Madoff-Related ERISA Cases

Employee Benefit Plans Certified As Class In Madoff-Related ERISA Cases

NEW YORK - A federal judge in New York on May 3 certified a class of 29 employee benefit plans that lost money after investing plan assets with Bernard Madoff on breach of fiduciary duty claims arising under the Employee Retirement Income Security Act (In re: Beacon Associates Litigation (Buffalo Laborers Security Fund, et al., v. J.P. Jeanneret Associates, Inc., et al.),  No. 09 Civ. 777, S.D. N.Y.; 2012 U.S. Dist. LEXIS 63549).

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