Madoff Trustee Sues To Recover $2.1B From Tremont

Law360, New York (March 1, 2011, 9:05 PM EST) -- The trustee liquidating Bernard Madoff's investment company sued Tremont Group Holdings Inc. in a New York bankruptcy court on Monday, seeking to recover $2.1 billion from the company, which ran the second-largest group of feeder funds in Madoff's Ponzi scheme.

U.S. Trustee Irving Picard filed the suit Monday in the U.S. Bankruptcy Court for the Southern District of New York, accusing Tremont and its funds, parent companies and executives of aiding Madoff by funneling more than $4 billion into his fraud scheme and turning a blind...
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