Fairfield Funds Liquidator Seeks $130M In 5 New Suits

Law360, New York (April 16, 2012, 6:07 PM EDT) -- Kenneth Krys, the trustee charged with liquidating Bernard Madoff feeder fund Fairfield Sentry Ltd., fired off a new round of clawback suits Friday, this time seeking nearly $130 million in five suits, including $115 million from Atlantic Security Bank.

Besides ASB, Krys — Sentry's foreign representative overseeing the recovery of allegedly fraudulent transfers to Bernard L. Madoff Investment Securities LLC’s largest fund — targets Paribas Espana, Capital Global Management Ltd., HSH Nordbank Securities SA and Somers Nominees (Far East) Ltd.

Krys says any payments made from...
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