Spanish firm seeks return of Madoff monies held with Irish-registered fund

ANOTHER legal dispute arising from the bankruptcy of alleged US billion dollar fraudster Bernard Madoff has come before the Commercial Court.

Spanish firm seeks return of Madoff monies held with Irish-registered fund
Wed, 25 Feb, 2009 - 00:00

Mr Justice Peter Kelly this week admitted to the court proceedings by a Spanish company against an Irish-registered fund company over its failure to pay out some e3.24 million allegedly due to investors in redemption monies.

The proceedings have been brought by Consulnor Gestion SGIIC SA against Optimal Multiadvisors Ireland plc (OMI).

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CourtsPlace: BahamasPerson: MadoffPerson: Bernard MadoffPerson: Peter KellyPerson: Senan Allen SCPerson: JusticePerson: KellyPerson: Maurice Collins SCOrganisation: Consulnor Gestion SGIIC SAOrganisation: Optimal Multiadvisors Ireland plcOrganisation: OMIOrganisation: Optimal Multiadvisors LtdOrganisation: OMAOrganisation: Optimal Strategic US Equity LtdOrganisation: ConsulnorOrganisation: Optimal Strategic US Equity Ireland Euro FundOrganisation: OMI Board
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