Wolf Haldenstein Adler Freeman & Herz LLP was retained by individuals and institutions that have lost hundreds of millions of dollars

Wolf Haldenstein Adler Freeman & Herz LLP was retained by individuals and institutions that have lost hundreds of millions of dollars due to investments made by Funds of Funds ("FOFs"), Hedge Funds, Investment Advisory Firms, International Banking Concerns, and Brokerage Houses through Madoff Investment Securities LLC and Bernard L. Madoff. It is now apparent that FOFs, Hedge Funds, Investment Advisory Firms, and Brokerage Houses invested billions of dollars with Madoff and these investments are now worthless. FOFs market themselves to institutional and retail investors based on their purported expertise in picking qualified managers and the due diligence they purportedly perform on the managers to whom they ultimately commit capital. It is becoming increasingly apparent that the FOFs that entrusted their clients' money with Madoff should have been aware of the numerous "red flags" that were raised by Madoff's activities. It is also now apparent that these FOFs failed to perform the necessary due diligence that they were being compensated to perform as investment managers and fiduciaries. Some of the FOFs that invested with Madoff include Tremont Capital, Farfield Greenwich Advisors, Fairfield Sentry, RMF Investment Management, Bramdean Alternatives, Union Bancaire Privee, Maxam Capital Management, EIM Group, and Rye Select Broad Market Fund. Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 70 attorneys in various practice areas; and offices in Chicago, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.