Madoff Feeder Fund Liquidator Seeks $7M In 3 New Suits

Law360, New York (May 10, 2012, 4:45 PM EDT) -- The foreign representative tasked with liquidating Bernard L. Madoff feeder fund Fairfield Sentry Ltd. launched three more clawback suits in New York bankruptcy court Wednesday, seeking to recover some $7 million from financial institutions like Barclays Private Bank and Trust Ltd.

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 in New York against Barclays, Luxembourg-based Select Absolute Strategies SICAV and Hyposwiss Private Bank Geneve SA.

The suit...
To view the full article, register now.




Case Information

Case Title

Fairfield Sentry Ltd.

Case Number



New York Southern

Nature of Suit

Date Filed

June 14, 2010

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.