{"id":11303,"date":"2009-08-21T00:00:00","date_gmt":"2009-08-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"madoff-trustee-says-cayman-and-bermuda-funds-ignored-lawsuits","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/madoff-trustee-says-cayman-and-bermuda-funds-ignored-lawsuits.html","title":{"rendered":"Madoff trustee says Cayman and Bermuda funds ignored lawsuits"},"content":{"rendered":"<p>Caribbean Net News &#8211; The trustee liquidating Bernard Madoff&#8217;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. <\/p>\n<p>Trustee Irving Picard on Wednesday asked the US Bankruptcy Court in Manhattan to file default notices against the Cayman Islands-based Primeo Fund and Bermuda-based Alpha Prime Fund Ltd., court papers show. Two offshore firms sued earlier for a total of $1.2 billion also have ignored Picard&#8217;s lawsuits.<\/p>\n<p><strong><a href=\"..\/news\/news_land.php?i=http:\/\/www.caribbeannetnews.com\/news-18353--14-14--.html?FORM=ZZNR3\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n<p><a href=\"..\/news\/news_land.php?i=http:\/\/www.caribbeannetnews.com\/news-18353--14-14--.html?FORM=ZZNR3\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caribbean Net News &#8211; The trustee liquidating Bernard Madoff&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15506,11070,4331,7588,7330,10207,15504,797,11148,3296,327,15505,11378,1180,11183,4819,14255],"class_list":["post-11303","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alpha-prime","tag-bermuda","tag-bernard-madoff","tag-caribbean","tag-cayman-islands","tag-damages","tag-default-notices","tag-fraud","tag-hedge-fund","tag-lawsuits","tag-manhattan","tag-offshore-firms","tag-picard","tag-prime-fund","tag-rsquo","tag-trustee","tag-us-bankruptcy-court"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11303"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11303\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}