Fairfield Sentry Moves To Merge Suits Seeking $3.6B

Law360, New York (October 6, 2010, 3:58 PM EDT) -- Bankrupt Fairfield Sentry Ltd., the largest feeder fund in Bernard L. Madoff's massive fraud, is looking to consolidate some 140 actions seeking $3.6 billion from banks, insurers and other financial firms that it says received payments from the convicted fraudster's investment firm.

Two court-appointed Sentry liquidators asked Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York to consolidate dozens of adversary proceedings in a motion filed Sept. 23 by David J. Molton, May Orenstein, Daniel J. Saval and Kerry...
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