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A court-appointed trustee is winding down Mr. Madoff's brokerage firm in bankruptcy court and is seeking assets to sell.
The trustee seeking assets for victims of Bernard L. Madoff's huge fraud on Tuesday sued the Wilpon family, the owners of the Mets, which had invested hundreds of millions of dollars in the global Ponzi scheme.
On May 12, the bankruptcy trustee seeking assets for Madoff victims sued the Picowers in federal court to recover at least $6 billion they withdrew from their Madoff accounts over the years.
They are seeking a court order to protect the car from seizure by others seeking assets from the Madoff clan — a growing list that includes a college student on Long Island whose college fund was lost in the Madoff scheme.
The third suit, filed in federal bankruptcy court by the trustee seeking assets for Madoff victims, also named Cohmad and its three senior executives, along with more than a dozen of its current or former employees.
But in May, the bankruptcy trustee seeking assets for Madoff victims sued the Picowers in federal court in Manhattan to recover more than $5 billion they withdrew from their Madoff accounts over the years.
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The company, which was formed from a 2005 merger, has been negotiating with lenders and is seeking asset sales to raise cash.
While financial experts are seeking asset allocations that will be more resilient in the face of climate change, questioning the durability of investments in industries that are heavy in carbon dioxide emissions or sensitive to weather, "many insurance groups are not asking these questions at all," Ms. Leurig said.
It will also seek assets worth $6 million from Mr. Causey.
A steep drop in the dollar this year has pushed up prices for oil, gold and other commodities as investors seek assets that provide a hedge against the falling American currency.
"Additionally, a third of respondents from Kuwait, Qatar and Saudi Arabia felt their local economies were worsening or destabilising, which has fuelled a desire to look for investment opportunities abroad with 65% likely to seek assets outside their own state.
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