PwC, Citco Seek To Dodge Madoff Feeder Funds' Fraud Suit

Law360, New York (February 5, 2013, 3:58 PM EST) -- Two PricewaterhouseCoopers LLP and Citco Group Ltd. affiliates urged a New York state judge Tuesday to dismiss allegations that they didn't warn two Madoff feeder funds that they were investing in a Ponzi scheme, arguing that claims don't belong in New York court.

The litigation trustee for the post-bankruptcy remains of Greenwich Sentry LP and smaller sister fund Greenwich Sentry Partners LP — two funds affiliated with the Fairfield Greenwich Group — have accused Dutch and Canadian affiliates of PwC and Citco, who were tapped to...
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