lawsuits filed by union pension funds are asserting that funds
of funds managers were breaching their fiduciary duties with
the exposure to Bernard Madoff in funds they offer or products
they advise on.
In the case of Meridian Capital Partners, the Pension Trust
Fund for Operating Engineers is seeking to recover losses from
the money the fund of funds invested into funds managed by
Madoff. The complaint charges Meridian and its executives,
including Meridian co-founders...