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Case Status:    DISMISSED    
On or around 01/20/2016 (Ongoing date of last review)

Filing Date: January 07, 2009

According to the complaint, this is a class action on behalf of investors in Fairfield Sentry Limited ("Fairfield Sentry" or the "Fund") seeking to recoup losses resulting from the Fund's estimated $7 billion in assets being almost entirely invested in a Ponzi scheme conducted by Bernard Madoff and his firm Bernard L. Madoff Investment Securities ("BMIS"). Plaintiffs' losses resulted from the breach of fiduciary duty and gross negligence of the Fund Investment Manager, Placement Agent, Custodian, and others, as well as the negligent representations made by the Fund Placement Agent and its principals and related entities. In addition, the Fund Administrator,Investment Manager and Placement Agent, and their principals and related entities, all unjustly enriched themselves by taking fees predicated on the phony profits reported by the Madoff Ponzi scheme. Plaintiffs are entitled to a constructive trust over such fees, and to preliminary and permanent injunctive relief to secure such recovery.

On January 30, 2009, the Court consolidated three separate actions: Anwar v. Fairfield Greenwich Group, Docket No. 1:09-cv-00118-VM; Pacific West Health Medical Center Inc. Employees Retirement Trust v. Fairfield Greenwich
Group, Docket No. 1:09-cv-00134-VM; and Inter-American Trust v. Greenwich
Group, Docket No. 1:09-cv-00301-VM. The Master Docket has been established under Anwar et al. v. Fairfield Greenwich Limited, et al., Docket No. 09 CV 00118. The Court designates Lovell Stewart Halebian LLP, Wolf Popper LLP and Boies, Schiller & Flexner LLP as Interim Co-Lead Counsel.

On January 30, 2009, consolidation order and order for appointment of interim co-lead counsel was entered into the court record.

On March 23, 2009, it was ordered that the Clerk of Court close the referenced higher numbered case, 09 Civ. 2222, as a separate action and remove it from the Court's database of open cases.

On March 24, 2009 and March 31, 2009, three orders of consolidation were granted and entered into the court record.

On April 24, 2009, consolidated amended complaint and jury demand were filed with the court on behalf of the plaintiffs.

On May 05, 2009, and May 06, 2009, two orders of consolidation were granted and entered into the court record.

On July 07, 2009, an order appointing lead plaintiff and lead counsel was granted by the court.

On September 18, 2009, an amended complaint was filed against the defendants.

On September 29, 2009, a Second Consolidated complaint was filed with the court against the defendants.

On October 14, 2009, an order to consolidate the related cases was granted by the court under the docket number: 09-cv-00118.

On December 10, 2009, the Clerk of Court was directed to consolidate the two cases captioned above for all pretrial purposes and all filings in connection with the consolidated action be docketed against the remaining lower number case, 09 Civ. 0118.

On March 12, 2010, an order consolidating four new cases was entered into the Court’s record.

On March 24, 2010, Pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, the plaintiff(s) and or their counsel(s), thereby gave notice that the above-captioned action was voluntarily dismissed without prejudice against the defendant(s) Lion Fairfield Capital Management Limited.

On June 23, 2010, the Court issued an Order that directed the Clerk of Court to consolidate two cases captioned above for all pretrial purposes under the docket numbers 09 Civ. 0118 and MDL No. 2088.

On August 18, 2010, a Decision and Order was issued by the Court granting in part and denying in part the defendants’ motion to dismiss.

On September 7, 2010, the Plaintiffs Standard Chartered Bank International (Americas) Limited and StanChart Securities International, Inc., voluntarily dismissed this action without prejudice.

On September 14, 2010, the Court found that the forum selection clauses in the disputed contracts were binding on some of the parties and that the Court was an inappropriate forum for adjudicating the disputes, thereby dismissing more Defendants from this suit.

On September 20, 2010, an order was issued by the Court denying the defendant’s motion for reconsideration.

On September 21, 2010, a Clerk's Judgment was entered in connection with the defendant’s motion to dismiss that was granted by the Court.

On October 04, 2010, a Decision and Order was issued by the Court dismissing the lead plaintiff’s complaint was Granted in part and Denied in part.

On November 16, 2010, a Decision and Order granted the motion of plaintiff for reconsideration of the Court's Decision and Order dated October 4, 2010.

On December 16, 2010, the Court issued an order directing the Clerk of Court to consolidate two cases captioned 10 Civ. 9196 and 09 Civ. 0118 for all pretrial purposes. All filings in connection with the consolidated action will be docketed under 09 Civ. 0118.

On January 08, 2011, the Court issued an order directing the Clerk of Court to consolidate two cases captioned 11 Civ. 0813 and 09 Civ. 0118 for all pretrial purposes. All filings in connection with the consolidated action will be docketed under 09 Civ. 0118. On February 28, 2011, the plaintiffs filed a Second Amended Complaint.

On February 28, 2011, the plaintiffs filed a Second Amended Complaint.

On July 21, 2011, the Court issued an order granting the plaintiffs motion to dismiss the complaint against two of the named defendants based on forum selection issues and the plaintiffs' intention to file suit against these defendants in the proper jurisdiction of Singapore.

On August 30, 2011, the Court issued an Order granting the Plaintiff's Motion to Voluntarily Dismiss certain counts and against certain individual defendants. The case continues against remaining defendants under the remaining counts.

On November 4, 2011, the Court issued an order granting one of the plaintiffs in the case's request to dismiss all charges against all defendants. The case continues by other plaintiffs against the defendants.

On May 22, 2012, the Court issued an Order consolidating cases.

On June 1, 2012, Plaintiffs in related case 10-CV-2878 filed a Notice of Appeal. On the same date, the Court issued an Order awarding attorneys' fees and expenses in related case 11-CV-813. Finally, the Court also issued an Order and Final Judgment in case 11-CV-813.

On September 4, 2012, the Court approved the Stipulation and Order dismissing claims in the related Standard Chartered Cases.

On September 12, 2012, the Court issued a Decision and Order granting in part and denying in part defendant's motion to dismiss in eight separately-filed actions.

On October 24, 2012, the Court issued a Decision and Order granting leave to plaintiff to file an amended complaint in related case 11-CV-3553. However, the Court found that the amended complaint, as filed, failed to address the deficiencies previously identified in the September 12 Order and therefore dismissed Counts I, III, and V of the amended complaint.

On November 6, 2012, the parties entered into a Stipulation of Settlement. On November 30, 2012, the Court issued an Order Preliminarily Approving Settlement and Providing for Notice of Proposed Settlement.

On January 3, 2013, the Court issued an Order consolidating cases. It was ordered that all filings in connection with the consolidated action be docketed against the remaining lower number case, 09 Civ. 0118. The Clerk of Court was directed to close the referenced higher numbered cases, 12 Civ. 9146, 12 Civ. 9421, 12 Civ. 9422, 12 Civ 9423, 12 Civ. 9424, 12 Civ. 9425, 12 Civ. 9426, and 12 Civ. 9427 as separate actions and remove them from the Court's database.

On March 22, 2013, the Court issued a Final Judgment and ordered this case dismissed with prejudice. 5 days later, the Court issued an Order awarding attorneys' fees and expenses.

On April 8, 2013, one of the parties filed a Notice of Appeal of the above Judgment.

On March 3, 2015, the Court issued an Order granting the motion for class certification.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Privately Traded
Market Status: Privately Held

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 09-CV-00118
JUDGE: Hon. Victor Marrero
DATE FILED: 01/07/2009
CLASS PERIOD START: 08/14/2006
CLASS PERIOD END: 12/11/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lovell Stewart Halebian LLP (former New York)
    500 Fifth Avenue, Lovell Stewart Halebian LLP (former New York), NY 10110
    212.608.1900 212.719.4677 · info@lshllp.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 09-CV-00118
JUDGE: Hon. Victor Marrero
DATE FILED: 09/29/2009
CLASS PERIOD START: 08/14/2006
CLASS PERIOD END: 12/11/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Boies, Schiller & Flexner LLP (New York)
    575 Lexington Avenue, Boies, Schiller & Flexner LLP (New York), NY 10022
    212.446.2383 212.446.2350 ·
  2. Boies, Schiller & Flexnr LLP (Ft. Lauderdale)
    401 East Las Olas Boulevard, # 1200, Boies, Schiller & Flexnr LLP (Ft. Lauderdale), FL 33301
    954.356.0011 954.356.0011 ·
  3. Boies, Schiller & Flexnr LLP (Armonk)
    333 Main Street, Boies, Schiller & Flexnr LLP (Armonk), NY 10504
    914.749.8200 914.749.8200 ·
  4. Cohen Milstein Sellers & Toll PLLC (Washington DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen Milstein Sellers & Toll PLLC (Washington DC), DC 20005
    202.408.4600 202.408.4600 ·
  5. Gusrae, Kaplan, Bruno & Nusbaum PLLC
    120 Wall Street, Gusrae, Kaplan, Bruno & Nusbaum PLLC, NY 10005
    212.269..1400 ·
  6. Law Office of Jacob Sabo
    The Tower No. 3 Daniel Frisch Street, Law Office of Jacob Sabo 64731
    01197236078888 011 972 3 607 88 89 · sabolaw@inter.net.il
  7. Lovell Stewart Halebian LLP (New York)
    61 Broadway, Suite 501, Lovell Stewart Halebian LLP (New York), NY 10006
    212.608.1900 ·
  8. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
  9. Wolf, Popper, Ross, Wolf & Jones
    845 Third Avenue, Wolf, Popper, Ross, Wolf & Jones, NY 10022-6689
    212-759-4600 ·
  10. Zwerling Schachter & Zwerling LLP (New York)
    41 Madison Avenue-32nd Floor, Zwerling Schachter & Zwerling LLP (New York), NY 10010
    212.223.3900 212.223.3900 · inquiry@zsz.com
No Document Title Filing Date
No Document Title Filing Date