Madoff Trustee Seeks $635M From UK Unit, UBS

Law360, New York (December 8, 2010, 4:46 PM EST) -- The trustee of the now-defunct Bernard L. Madoff Investment Securities LLC and his British counterpart have filed a complaint for $80 million in recoveries from parties connected to Madoff's London operation, as well as complaints against UBS AG for $555 million and a Madoff feeder fund tied to Massachusetts Mutual Life Insurance Co.

Irving H. Picard, the liquidation trustee for Madoff's investment company, and Stephen J. Akers, a joint liquidator of Madoff Securities International Ltd., said they filed a joint complaint Wednesday in the High Court...
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