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...
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