Reuters – Hedge fund manager J. Ezra Merkin asked a U.S. judge to dismiss a class-action lawsuit accusing him of recklessly funneling millions of dollars in client funds to now-imprisoned Ponzi schemer Bernard Madoff.
In a filing late Monday in Manhattan federal court, Merkin said the plaintiff investors cannot show that he and his Gabriel Capital Corp investment advisory affiliate “knew about, much less participated in, the Madoff fraud.”
