Madoff Feeder Fund Sues Societe Generale For $35M

Law360, New York (September 19, 2011, 5:51 PM EDT) -- Trustees of bankrupt Fairfield Sentry Ltd., a feeder fund for imprisoned fraudster Bernard L. Madoff's Ponzi scheme, filed suit last week in New York in an effort to recover $35 million that a unit of Societe Generale SA redeemed before the scheme came to light.

Money that Societe Generale Bank & Trust SA (Luxembourg) withdrew from its Fairfield investments in the years before authorities exposed Madoff's Ponzi scheme does not actually belong to the bank, Fairfield trustees Kenneth Krys and Joanna Lau said in an adversary...
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