PE Firm Plaintiff Drops Out Of Madoff Feeder Suit

Law360, New York (October 4, 2011, 7:08 PM EDT) -- A New York federal judge on Tuesday approved the voluntary dismissal of private equity firm AAC Investment Inc. as a named plaintiff in a proposed class action over investments in feeder funds to Bernard Madoff's Ponzi scheme due to serious health issues for the managing family.

AAC Investment, as well as Fundacion Virgilio Barco, will no longer be part of the class action against Greenwich Sentry LP and Greenwich Sentry Partners LP, according to U.S. District Judge Victor Marrero's order. The two named plaintiffs were among...
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