In another claim initiated as a result of the Madoff Ponzi scheme, a putative class action styled Anwar, et al. v. Fairfield Greenwich Ltd., et al., U.S. District Judge for the Southern District of New York Victor Marrero granted in part motions for reconsideration filed by defendant Pricewaterhouse Coopers (PwC). PwC filed motions for reconsideration regarding the court’s decision to deny PwC’s motion to dismiss the negligence claims brought by investors of Madoff feeder funds alleging negligence and violations of the duty of care. Judge Marrero threw out plaintiffs’ negligence-based claims involving new investors, but upheld claims alleging that defendants induced and encouraged subsequent investments into the feeder funds. In so holding, Judge Marrero stated that “[t]he court cannot conclude that plaintiffs’ claims regarding inducement to make subsequent investments should necessarily fail the ‘known party’ requirement of Credit Alliance,” a case that dictates that plaintiffs are required to show that professional representations were relied upon by “known parties.” Judge Marrero, however, indicated that defendants would be allowed to readdress this argument after discovery through summary judgment. (“Judge Trims Negligence Claims Against PwC,” Law360, August 8, 2012).