Madoff Trustee Seeks $56M From Kuwait, Others

Law360, New York (January 6, 2012, 2:04 PM EST) -- The trustee overseeing the liquidation of fraudster Bernard L. Madoff's investment company launched three more lawsuits on Thursday, seeking to recover nearly $56 million from three foreign financial institutions, including the Kuwaiti government's public pension fund.

Irving H. Picard, the trustee in charge of the dissolution of Bernard L. Madoff Investment Securities LLC, filed separate adversary suits in bankruptcy court in Manhattan against Securities & Investment Company BSC, a Bahrain-based bank also known as SICO; Fullerton Capital Pte Ltd. of Singapore; and The Public Institution for...
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