Madoff Trustee Seeks $555 mln More from UBS AG

The trustee seeking to recover money for Bernard Madoff’s victims sued multi-billion dollar money-management firm Tremont Group Holdings Inc and sought an additional $555 million in recoveries from UBS AG (UBS). The lawsuit, which also names Tremont Group’s founder and former CEO Sandra Manzke and its former president and CEO Robert Schulman was filed under seal late on Tuesday in a Manhattan bankruptcy court. – Reuters

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