Judge Certifies Classes In Madoff-Linked Funds Suits

Law360, New York (March 14, 2012, 8:06 PM EDT) -- A New York federal judge on Wednesday certified several classes and subclasses of investors that alleged several investment firms, including Ivy Asset Management LLC, channeled hundreds of millions of dollars in union pension funds to imprisoned fraudster Bernard L. Madoff.

U.S. District Judge Leonard B. Sand approved a class and a subclass to litigate claims brought under the the Securities Exchange Act of 1934 or the Investment Advisers Act of 1940, and another class and subclass to litigate claims brought under the Employee Retirement Income Security...
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Case Information

Case Title

IN RE: Beacon Associates Litigation


Case Number

1:09-cv-00777

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Leonard B. Sand

Date Filed

January 26, 2009

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