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



New York Southern

Nature of Suit



Thomas P. Griesa

Date Filed

April 10, 2009

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