Labaton Sucharow Files Class Action Lawsuit On Behalf Of Investors In The Kingate Global Fund Ltd. In Connection With Losses Caused By The Madoff Ponzi Scheme

The complaint's principal allegation is that Defendants were negligent and reckless in investing substantially all of the assets of the Kingate Global Fund Ltd. with Bernard L. Madoff ("Madoff") and Bernard L. Madoff Investment Securities LLC ("BMIS") without conducting reasonable and adequate due diligence.

The Defendants include: (i) Kingate Management Ltd.; (ii) FIM Ltd.; (iii) FIM Advisers LLP; (iv) FIM (USA) Inc.; (v) PricewaterhouseCoopers; (vi) PricewaterhouseCoopers Bermuda; (vii) Citi Hedge Fund Services, Ltd.; (viii) Bank Of Bermuda Ltd.; (ix) Graham H. Cook; (x) Federico M. Ceretti; (xi) John E. Epps; (xii) Carlo Grosso; (xiii) Michael G. Tannenbaum; and (xiv) Christopher Wetherhill.

If you were invested in the Kingate Global Fund Ltd. fund as of December 10, 2008 you may qualify to join the class.

If you would like more information or have any questions about the lawsuit, please contact Javier Bleichmar at 212-907-0887.

You can view a copy of the complaint online at www.labaton.com or obtain it from the Court.

Labaton Sucharow LLP, with offices in New York, New York and Wilmington, Delaware, is one of the country’s premier law firms representing institutional investors in class action and complex securities litigation, as well as consumers and businesses in class actions seeking to recover damages for anticompetitive practices. The Firm has been a champion of investor and consumer rights for over 45 years, seeking recovery of current losses and necessary governance reforms to protect investors and consumers. Labaton Sucharow has been recognized for its excellence by the courts and its peers. More information about Labaton Sucharow is available at www.labaton.com

CONTACT:

Javier Bleichmar
Attorney
Labaton Sucharow LLP
140 Broadway, New York, NY  10005
jbleichmar@labaton.com
(212) 907-0887
(212) 883-7087 fax