Class Action On Behalf Of Investor With Tremont Group Holdings Relating To The Madoff Ponzi Scheme

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 21, 2009 --

On Tuesday, December 23, 2008, an investor with Tremont Group Holdings has filed a proposed class action lawsuit on behalf of individuals and groups that invested capital with Tremont Group Holdings in a United States District Court in New York against Tremont Group Holdings, its Rye Investment Funds, Oppenheimer Acquisition Corporation, OppenheimerFunds, which owns Tremont, Massachusetts Mutual Life Insurance Company, a majority owner of OppenheimerFunds and KPMG LLP, Tremont's auditor over alleged grossly neglected fiduciary duties by turning capital over to Bernard Madoff Investment Securities (BMIS) that used the capital to run a massive Ponzi scheme.

If you invested with Tremont Group Holdings or other Bernard Madoff related investments you should contact the Shareholders Foundation, Inc immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

According to the complaint the plaintiff alleges that that Tremont Group Holdings and other affiliated entities failed to perform proper due diligence and failed to vet, monitor, oversee, and safeguard Plaintiffs' investments, before handing all of it over to Bernard Madoff Investment Securities and as a result, Tremont Group Holdings clients lost a total of $3.3 billion in assets, $3.1 billion from the Rye Funds.
The investor alleges that Tremont Group Holdings turned over virtually all capital invested in its Rye Funds, estimated at $3.1 billion, to Madoff. While relinquishing management to Madoff, Tremont continued to receive management fees from clients and the company provided account statements and other documentation that made it appear as though Tremont Group Holdings had active oversight of clients' capital, so the lawsuit.

If you invested with Tremont Group Holdings or other Bernard Madoff related investments you should contact the Shareholders Foundation, Inc immediately.

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail / facsimile:


Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
Mail@ShareholdersFoundation.com
www.ShareholdersFoundation.com
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Advertising. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

class action     lawsuit     Madoff     ponzi scheme     Tremont Group     tremont group holdings