SOURCE: Tramont, Guerra and Nunez, P. A.

December 24, 2008 08:00 ET

Notice From the Securities Law Firm of Tramont Guerra Nunez, PA to All Bernard L. Madoff Investment Securities, LLP Investors

CORAL GABLES, FL--(Marketwire - December 24, 2008) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all Bernard L. Madoff Investment Securities, LLP Investors concerning the class action lawsuit (Case No. 08 CV 5046) filed on December 12, 2008 against Bernard L. Madoff, individually, Bernard L. Madoff Securities, LLC and John Does 1-100 Consisting of Individuals, Corporations, Partnerships and Entities To Be Determined. In light of recent developments, TGN is currently investigating the relationships between Bernard L. Madoff Securities, LLC (Madoff) and numerous investment managers, feeder funds, financial advisors and financial institutions, who entrusted client funds to be managed by Madoff, and who may not have performed the required due diligence of Madoff's investment firm. These investment conduits included Fairfield Sentry Fund, Ascot Partners Fund, Tremont Capital Management, Rye Select Market Fund, Kingate Global Fund and Access International Advisors. TGN has focused their investigation on behalf of individual investors who may have viable claims that warrant the filing of individual securities arbitration claims.

An individual securities arbitration claimant may potentially recover a greater percentage of his losses than a member of a class action. The Madoff fraud has been characterized as a ponzi scheme and the entity that served as the investment conduit can, under certain circumstances, be held responsible for their failure to adequately review the management of the funds placed under Madoff's direction and advice. Brokerage firms are obligated to perform the due diligence function, and investors are entitled to rely upon brokerage firms for competent, suitable investment advice in accordance with the Financial Industry Regulatory Authority (FINRA) Rules and Regulations. In some cases, investors must "opt-out" as a class member of the class action lawsuit against Madoff, in order to pursue a securities arbitration claim, otherwise this legal option is not available.

The Securities Law Firm of Tramont Guerra & Núñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated law firm. To request a confidential consultation from a TGN attorney for investment losses incurred from this ponzi scheme, contact us on our website at http://www.stockmarketlosslawyer.com/current-investigations.htm. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

Destination URL: http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-maddoff.htm

Contact Information

  • Contact:
    David Chacin, Esquire
    2100 Ponce De Leon Blvd, Penthouse II
    Coral Gables, Florida 33431
    (800) 578-0137

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