Kingate Global Feeder to Madoff Investment Securities

The law office is working in association with the New York securities litigation firm, Labaton Sucharow LLP with respect to claims against Kingate Management, Ltd , and FIM Ltd. and their affiliates. Labaton filed a class action against various such related defendants on June 12, 2009 in the United States District Court for the Southern District of New York.

The action names a single Plaintiff, but is filed on behalf of all persons who held an investment in the Kingate Global Fund Ltd. fund on December 10, 2008. The prospective Class seeks a recovery of billions of dollars in monies lost as the result of investment Kingate made with Bernard L. Madoff Investment Securities, LLC.

The suit alleges that the Defendants negligently and recklessly invested client funds from the Global Fund with Bernard L. Madoff (“Madoff”) and his companies without engaging in any reasonable or adequate due diligence.

The named Defendants in the suit include: (i) Kingate Management Ltd.; (ii) FIM Ltd.; (iii) FIM Advisers LLP; (iv) FIM (USA) Inc.; (v) PricewaterhouseCoopers; (vi) PricewaterhouseCoopers Bermuda; (vii) Citi Hedge Fund Services, Ltd.; (viii) Bank Of Bermuda Ltd.; (ix) Graham H. Cook; (x) Federico M. Ceretti; (xi) John E. Epps; (xii) Carlo Grosso; (xiii) Michael G. Tannenbaum; and (xiv) Christopher Wetherhill.

If you are a Kingate Global victim, the law office, and its affiliates, is prepared to review your situation and potential claim(s) without charge, and will consider representing you on a contingent fee basis, which means that you will not have to pay out of pocket for your legal representation. The firm will take a fee only if we are successful in recovering your assets.


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