Meridian Says It Was Madoff's Victim, Not Feeder Fund

Law360, New York (February 16, 2011, 1:00 PM EST) -- Meridian Capital Partners Inc. has argued a consolidated class action brought by investors seeking to recover money invested with Bernard L. Madoff should be dismissed because the hedge fund company was itself a victim of the Ponzi scheme.

In a memorandum filed Tuesday along with a motion to dismiss in the U.S. District Court for the Southern District of New York, Meridian said that its Meridian Diversified ERISA Fund Ltd. was itself a fund of fundsthat invested with Madoff through one of his notorious feeder funds,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.