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

Law360 (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,...
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