Investor Sues MassMutual Fund Over Madoff Losses

Law360, New York (April 15, 2009, 12:00 AM EDT) -- An investor in a hedge fund controlled by Massachusetts Mutual Life Insurance Co. has filed a class action against the firm and related businesses and individuals, including the Bank of New York Mellon Corp., for allegedly carelessly investing all of the fund's assets into Bernard L. Madoff's massive Ponzi scheme.

In a complaint filed Tuesday in Massachusetts Superior Court, lead plaintiff Lawrence J. Rothschild alleges that the Rye Select Broad Market XL Fund LP, its managers and several executives working for its managers failed to conduct...
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