Tremont Can't Nix Madoff Investor Fraud Suit

Law360, New York (September 17, 2012, 2:56 PM EDT) -- A New York federal judge declined Friday to toss a suit brought by seven investors accusing Tremont Group Holdings Inc. of negligently losing investor funds in Bernard L. Madoff's Ponzi scheme, ruling that evidence may indicate fund managers should have uncovered the fraud.

The suit is among numerous actions filed against Tremont and other financial services firms in 2009 alleging companies breached investment agreements and committed fraud by placing clients' assets with Madoff and failed to monitor activities on the funds, which were later discovered to...
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Case Information

Case Title

Meridian Horizon Fund, LP et al v. Tremont Group Holdings, Inc. et al


Case Number

1:09-cv-03708

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Thomas P. Griesa

Date Filed

April 10, 2009

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