Big Four firm Ernst and Young is a defendent in an investors' lawsuit over losses incurred from Bernie Madoff's multi-billion dollar Ponzi scheme, along with one of its clients, a Madoff feeder fund, according to Bloomberg. The suit was launched by a portfoliomanagement firm that said it lost $195 million when the scam collapsed. The client, Tremong Group Holdings, was the second largest feeder fund attached to the scheme.
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