District Court, S.D. New York August 26, 2011, 10 Civ. 4095(SAS) (In Re Optimal U.S. Litigation)

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

This putative class action arises out of Plaintiffs’ investment in the Optimal Strategic U.S. Equity fund (“Optimal U.S.” or the “Fund”), which in turn invested one-hundred percent of its assets with Bernard L. Madoff (“Madoff’) and his firm, Bernard L. Madoff Investment Securities LLC (“BMIS”).