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One year after the Madoff scandal was revealed, European investors have formed a pan-European syndicate aimed at recovering their losses suffered on funds with Madoff exposure. Deminor’s analysis demonstrates that the Madoff feeder funds have been set up in breach of European rules, that investors have been misled and that the service providers failed to perform their contractual and legal duties. More than ever, Deminor’s clients are determined to recover their losses from the responsible institutions. Investors cannot rely on actions undertaken by third parties, such as the US trustee or the funds’ liquidators, if they want to benefit from a maximum recovery.
A. An international and diversified syndicate of more than 1.000 investors
As of today, Deminor...
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