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Welcome to the Fairfield Greenwich Securities Litigation Class Action Settlement Website


UPDATE IN ANWAR v. FAIRFIELD GREENWICH LIMITED (MADOFF) SECURITIES LITIGATION (09-CV-00118 (VM))
The U.S. District Court, on December 6, 2019, entered an Order approving the supplemental distribution of $314,362 in settlement funds to Anwar class members who had previously cashed their settlement checks and who would receive a supplemental distribution of at least $100. The funds that are being distributed are amounts that remained in the settlement accounts from uncashed checks from prior distributions. The minimum payment amount of $100 was approved by the Court to lessen the burden and administrative costs of making additional distributions of the limited funds available.

Approximately 344 class members will participate in the supplemental distribution. Class members who are among the claimants scheduled to receive a supplemental distribution may be contacted by the claims administrator to verify their current address and/or wire instructions. Those communications are authorized pursuant to the Court’s order. A distribution in January 2020 is currently planned.


This is the settlement website for the consolidated class action brought on behalf of investors in the largest group of feeder funds to Bernard L. Madoff Investment Securities.  The class action is entitled Anwar v. Fairfield Greenwich Limited, 09-cv-118 (VM) (FM).  The litigation has been concluded with the following four settlements, aggregating a total of $265 million ($30,000,000 of which continues to be held in escrow and may be distributed to Authorized Claimants subject to certain conditions).

FG Settlement
Representative plaintiffs, along with co-lead counsel, obtained Final Court Approval of the Stipulation of Settlement with defendants associated with the Fairfield Greenwich Group.  On March 25, 2013, the Court entered an Order approving the settlement of Plaintiffs’ claims against the FG Defendants for $80,250,000 ($30,000,000 of which continues to be held in escrow and may be distributed to Authorized Claimants subject to certain conditions).  That Order was affirmed on appeal.  On February 24, 2015, pursuant to the Court’s Order, the Net Settlement Fund was distributed to Authorized Claimants.

GlobeOp Settlement
Representative Plaintiffs, along with co-lead counsel, obtained Final Court Approval of the Stipulation of Settlement with GlobeOp Financial Services LLC for the benefit of certain investors in Greenwich Sentry, L.P. and Greenwich Sentry Partners, L.P.  On November 22, 2013, the Court entered an Order approving the settlement of Plaintiffs’ claims against GlobeOp Financial Services LLC for $5,000,000.  On October 10, 2014, pursuant to the Court’s Order, the Net Settlement Fund was distributed to Authorized Claimants.

Citco Settlement
Representative plaintiffs, along with co-lead counsel, obtained Final Court Approval of the Stipulation of Settlement with defendants Citco Fund Services (Europe) B.V., Citco (Canada) Inc., Citco Bank Nederland N.V. Dublin Branch, Citco Global Custody N.V., Citco Fund Services (Bermuda Limited), The Citco Group Limited, Brian Francoeur, and Ian Pilgrim (the “Citco Defendants”).  On November 20, 2015, the Court entered an Order approving the settlement of Plaintiffs’ claims against the Citco Defendants for $125,000,000.  On December 19, 2016, pursuant to the Court’s Order, the Net Settlement Fund was distributed to Authorized Claimants.

PwC Settlement
Representative plaintiffs, along with co-lead counsel, obtained Final Court Approval of the Stipulation of Settlement with defendants PricewaterhouseCoopers LLP [Canada], PricewaterhouseCoopers Accountants N.V. [Netherlands], and PricewaterhouseCoopers International Limited (the “PwC Defendants”).  On May 6, 2016, the Court entered an Order approving the settlement of Plaintiffs’ claims against the PwC Defendants for $55,000,000.  On December 19, 2016, pursuant to the Court’s Order, the Net Settlement Fund was distributed to Authorized Claimants.

The PwC Settlement was the fourth and final settlement in this consolidated class action.  

Disclaimer

IMPORTANT:  This site is not operated by Fairfield Sentry Limited, Fairfield Sigma Limited, Fairfield Lambda Limited, Greenwich Sentry, L.P. or Greenwich Sentry Partners, L.P.  This site is operated and administered by a claims administration firm that handles all aspects of settlement notification.  Please direct any website errors or questions to the Claims Administrator, Rust Consulting, Inc.

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