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Limited Partners In Bankrupt Madoff Funds Ask To Sue

Law360 (December 20, 2010, 5:20 PM EST) -- Limited partners in Greenwich Sentry LP and Greenwich Sentry Partners LP, two bankrupt feeder funds linked to Bernard L. Madoff's Ponzi scheme, have asked a bankruptcy judge for permission to bring shareholder derivative suits that claim Fairfield Greenwich (Bermuda) Ltd., the funds' general partner, breached its fiduciary duty.

Alternatively, according to the motion filed Friday by David I. Ferber SEP IRA, Frank E. Pierce and Frank E. Pierce IRA in the U.S. Bankruptcy Court for the Southern District of New York, the bankruptcy should be converted...
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