Greenwich Ch. 11 Plans Detail $212M Picard Deal

Law360, New York (July 21, 2011, 10:30 PM EDT) -- Two bankrupt Fairfield Greenwich Group affiliates that acted as feeder funds for Bernard L. Madoff's massive Ponzi scheme filed Chapter 11 plans Wednesday in New York incorporating a recent $212 million settlement with Madoff trustee Irving Picard.

Greenwich Sentry LP, one of the Fairfield Greenwich Group funds that invested in Madoff's multibillion-dollar Ponzi scheme, says it will allow Picard to file a claim in the amount of $206 million, and Greenwich Sentry Partners LP says it will allow the trustee to seek $5.9 million.

Picard has...
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