Fairfield Funds' Liquidator Files 45 Clawback Suits

Law360, New York (March 12, 2012, 4:15 PM EDT) -- The foreign representative liquidating Fairfield Sentry Ltd. and related Madoff feeder funds filed 45 adversary proceedings Monday in New York seeking to recover more than $300 million that was paid out to the funds' shareholders before the massive Ponzi scheme unfolded.

Kenneth Krys, who is in charge of winding down Fairfield Sentry, Fairfield Sigma Ltd. and Fairfield Lambda Ltd. in a British Virgin Islands proceeding, filed the complaints against Fortis Bank (Nederland) NV, Maple Key Market Neutral Cayman Islands LP and dozens of others in his...
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