Feeder Fund Investors Challenge Madoff Trustee Deal

Law360, New York (June 15, 2011, 8:12 PM EDT) -- Investors in two bankrupt Fairfield Greenwich Group funds objected to a settlement between the funds and the trustee overseeing the liquidation of Bernard L. Madoff's investment firm Tuesday in New York, saying the agreement unfairly bars their claims in a securities fraud suit.

A number of the investors objecting to the settlement, including Peter A. Carfegna Charitable Remainder Trust, Hedge Strategy Fund LLC, Pasha S. Anwar and Julia Anwar, are named plaintiffs in Anwar v. Fairfield Greenwich Ltd. et al. That class action claims the funds...
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