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: Breaking Legal NewsMadoff trustee seeks $3.6 billion from funds
By (Breaking Legal News)
The court-appointed trustee hunting for money to pay investors who lost billions of dollars in Bernard Madoff's Ponzi scheme has sued more than two dozen entities related to a New York-based hedge fund.
Trustee Irving Picard filed papers in U.S. Bankruptcy Court in Manhattan late Tuesday to recover $3.6 billion that he said can be traced to the Fairfield Greenwich Group, two dozen affiliates and its founding partners.
The filing added numerous defendants to a lawsuit that earlier named three Fairfield Greenwich funds.
Fairfield Greenwich in a statement said Picard's filing was filled with "false, misleading and rehashed accusations."
Full post as published by Breaking Legal News on July 22, 2010 (boomark / email).
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