Tag Archives: damages


Madoff trustee says Cayman and Bermuda funds ignored lawsuits

Caribbean Net News – The trustee liquidating Bernard Madoff’s business told a judge that two Cayman Islands and Bermuda hedge-fund firms accused of profiting from the fraud are ignoring his lawsuits seeking a total of $230.7 million in damages. Trustee […]

Biovail Suit Against SAC Capital Thrown Out by Judge

Bloomberg – A Biovail Corp. lawsuit against SAC Capital Management LLC was thrown out by a New Jersey judge for failing to state a claim. Biovail accused hedge funds including SAC and Sigma Capital Management of conspiring in a short-selling […]

Newsletter writer’s lawyer seeks dismissal

HeraldTribune.com – An attorney representing newsletter writer Don Rowe, who strongly recommended Arthur G. Nadel’s hedge funds to some investors, is seeking to have a civil fraud suit against his client dismissed. In an Aug. 3 filing in circuit court […]

Trustee sues Fairfield Greenwich funds for $3.54b

Boston Globe – The trustee liquidating Bernard Madoff’s defunct money-management firm sued three Fairfield Greenwich Group hedge funds, seeking the return of $3.54 billion withdrawn before Madoff’s massive fraud unraveled. The trustee, Irving Picard, filed the so-called clawback lawsuit yesterday […]

Oregon sues financial company over losses in college savings plan

Montgomery Advertiser – State offi­cials are seeking $36.2 million in damages from Oppenheimer­Funds Inc., which managed a fund responsible for steep losses in the Oregon College Savings Plan. Officials said in a statement Monday that risky, "hedge-fund like" investments cost […]

State of Oregon Sues OppenheimerFunds

New York Times Blogs – Officials in Oregon are seeking $36.2 million in damages from OppenheimerFunds, which managed an account responsible for steep losses in the state’s college savings plan. Officials said in a statement on Monday that risky “hedge-fund […]