NEWMAN v. FAMILY MANAGEMENT CORP.

No. 08 Civ. 11215(LBS).

748 F.Supp.2d 299 (2010)

David B. NEWMAN, et al., Plaintiffs, v. FAMILY MANAGEMENT CORPORATION, et al., Defendants.

United States District Court, S.D. New York.

October 20, 2010.


Attorney(s) appearing for the Case

Daniel W. Krasner , Demet Basar , Gregory Mark Nespole , Gustavo Fabian Bruckner , Kate Marietta McGuire , Stacey Theresa Kelly , Wolf Haldenstein Adler Freeman & Herz LLP, New York, NY, for Plaintiffs.

Andrew J. Levander , Neil A. Steiner , David Mark Bigge, Dechert, LLP, Arthur Glenn Jakoby , Aismara Janet Abreu , Herrick, Feinstein LLP, Steven Michael Kaplan , Tab Keith Rosenfeld , Rosenfeld & Kaplan, LLP, Lewis J. Liman , Cleary Gottlieb Steen & Hamilton, LLP, New York, NY, for Defendants.


OPINION & ORDER

SAND, District Judge.

Plaintiffs in this case are investors in the FM Low Volatility Fund ("FM Fund"), a "sub-feeder" fund, the assets of which were invested in "Feeder Funds" that in turn invested in Bernard L. Madoff Securities LLC ("BMIS"). Plaintiffs bring claims against Defendants associated with the FM Fund and against the Feeder Funds in which the FM Fund invested.1

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