May 18, 2011
Madoff Trustee Settles Litigation with So-Called Feeder Fund
"The trustee liquidating Bernie Madoff’s firm agreed to not pursue $212 million from two bankrupt funds related to the Fairfield Greenwich Group, the biggest so-called feeder fund in the alleged Ponzi scheme, Bloomberg News reports.
As part of the settlement with the trustee, both funds reduced their claims against the Madoff bankruptcy estate."
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