Madoff Trustee Amends $2B Complaint Against UBS

Law360, New York (August 17, 2011, 8:21 PM EDT) -- The trustee for Bernard L. Madoff's investment firm amended his $2 billion lawsuit Wednesday in New York against UBS AG, alleging the Swiss bank misled securities regulators in the U.S. and Luxembourg about Madoff's role in numerous international feeder funds.

"Madoff did not act alone in perpetrating the largest financial fraud in history," but was aided by UBS and its affiliated entities,  Bernard L. Madoff Investment Securities LLC trustee Irving H. Picard said in an amended complaint.

The amended complaint claims UBS intentionally misled Luxembourg's securities...
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Case Information

Case Title

Picard v. UBS Fund Services (Luxembourg) SA

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawal


Colleen McMahon

Date Filed

June 21, 2011

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Government Agencies

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