Sky Bell Funds Agree To Pay $2.6M In Ponzi Investment Case

Law360, New York (June 21, 2013, 4:01 PM EDT) -- Plaintiffs in a putative class action who say they lost millions when seven limited partnership units operated by Sky Bell Asset Management LLC invested the funds’ money into the Madoff and Petters Ponzi schemes on Friday asked a Delaware federal judge to greenlight a $2.6 million settlement of the action.

Named plaintiffs Edgar W. Tuttle, Eric Braun, the Braun Family Trust and Wendy Meg Siegel say that following litigation that has gone on for years and spanned multiple jurisdictions, the parties have finalized a deal settling...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.