NYU sues Cayman providers

(OffshoreAlert): New York University is suing a hedge fund, its auditor, its registrar and a bank – all based in the Cayman Islands – in an attempt to recover damages of at least $24 million that it claims to have lost due to alleged fraud by Bernard Madoff. According to the watchdog Offshore Alert a civil complaint has been filed at New York State Supreme Court by NYU. Maples and Calder; Gabriel Capital Corporation; Fortis Bank (Cayman) Ltd; Fortis Prime Fund Solutions (Cayman) Ltd; BDO Tortuga and BDO International have all been named. Go to article.