Brown Rudnick Secures Major Victory for Fairfield Sentry and Kenneth Krys Stemming from Madoff Fraud

The United States Supreme Court denied a petition for certiorari filed by Farnum Place, LLC (“Farnum”), on October 3, handing Brown Rudnick client Kenneth Krys, as liquidator and foreign representative of Fairfield Sentry Limited (in liquidation) (“Sentry”), a definitive final victory after five-plus years of litigation in courts in the British Virgin Islands (“BVI”) and United States concerning Farnum’s attempt to force consummation of a proposed asset sale that was not in the interest of Sentry’s stakeholders and had not been approved under Section 363 of the Bankruptcy Code. Click here for more..