Two More Funds, Managers Sued Over Investments With Madoff
From The Wall St Journal
Two more funds and their fund managers have been sued in separate lawsuits for allegedly breaching their fiduciary duties in entrusting client money with convicted Ponzi-scheme operator Bernard Madoff.
Hedge fund of funds Meridian Capital Partners and its investment manager, Meridian Diversified Fund Management LLC, were sued Monday in a lawsuit in U.S. District Court in Manhattan, while fund managers J.P. Jeanneret Associates Inc. and Ivy Asset Management Corp. and Ivy’s parent Bank of New York Mellon Corp. (BK) were sued Friday in U.S. District Court in White Plains, N.Y.
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