Tremont's Owner Beats Madoff Investor Suit

Law360, New York (December 13, 2012, 4:26 PM EST) -- A New York federal judge on Tuesday dismissed Oppenheimer Acquisition Co. from a suit brought by seven investors blaming its subsidiary Tremont Group Holdings Inc. — operator of the second-largest group of feeder funds in Bernard L. Madoff’s Ponzi scheme — for more than $116 million in losses.

U.S. District Judge Thomas P. Griesa reconsidered a motion for dismissal he denied in September, ruling Tuesday that the plaintiffs failed to plead Oppenheimer’s culpable participation in the activities at Tremont that led to the investor losses....
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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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