The trustee liquidating Bernard Madoff’s defunct firm sued Somers Dublin Ltd., an Irish affiliate of HSBC Holdings Plc, seeking $86.4 million. Trustee Irving Picard said he aims to recover “customer property” from companies that invested with Fairfield Sentry Ltd., a so-called feeder fund that placed money in Madoff’s Ponzi scheme. Picard demanded the return of any funds received from investments with Fairfield, according to the lawsuit filed today in U.S. Bankruptcy Court in Manhattan. Read Bloomberg Businessweek report here.
