BSF Attorneys Negotiate Settlement for Madoff ‘Feeder Fund’ Investors
November 6, 2012Boies, Schiller & Flexner, working as co- lead counsel, has reached a proposed settlement for $50 to $80 million for a class of investors in Fairfield Greenwich Group, the largest Madoff “feeder fund.” The settlement, filed November 6, 2012 in New York federal court, follows four years of litigation on behalf of a class of over 1,000 investors. The settlement is subject to court approval. Litigation will continue against fund administrators and custodians Citco Group and GlobeOp, and fund auditors PricewaterhouseCoopers Netherlands and Canada.
Please click on the below links for related media coverage.
American Lawyer's Litigation Daily, November 7, 2012
After Reaching $80 Million Deal with Feeder Fund Founders, Investors Set Sights on PwC
Wall Street Journal, November 7, 2012
Fairfield Greenwich Founders to Settle Madoff Suit
Bloomberg, November 7, 2012
Fairfield Greenwich Settles Claims of Madoff Investors
Law360, November 6, 2012
Madoff Investors Settle For $80.3M Against Fund Managers
Related Practice: Litigation