Murray, Frank & Sailer LLP is investigating securities fraud claims on behalf of all persons or entities who acquired shares in Meridian Capital Partners, Inc. ("Meridian") funds (the "Funds") managed by Meridian Diversified Fund Management, LLC ("Meridian Diversified") between January 2, 2008 and December 11, 2008 (the "Class Period"), seeking to recover losses resulting from Meridian Diversified's placement of significant amounts of investor money into funds managed by Bernard Lawrence Madoff ("Madoff") and his firm.
Meridian Diversified placed significant amounts of investor money into funds managed by Madoff and his firm. Madoff has now been charged with running what may be the largest Ponzi scheme ever. Unbeknownst to investors in its Funds, Meridian Diversified had invested 6% to 8% of its clients' funds in Madoff-managed investments. This was contrary to the duties Meridian Diversified had to its investors of good faith and fair dealing and contrary to the representations Meridian Diversified had made regarding its processes for selecting fund managers. As a result of defendants' breaches of fiduciary duty and false statements, investors made additional investments in the Funds and/or held shares they would have redeemed.
If you invested in the Meridian Funds during the Class Period and wish to represent a class of investors in this action or have questions concerning this notice or your rights, please contact us.