In Re J.P. Jeanneret Associates, Inc.

DECISION AND ORDER GRANTING IN PART AND DENYING IN PART DEFENDANTS’ MOTIONS TO DISMISS THE SECOND AMENDED CLASS ACTION COMPLAINT

McMAHON, District Judge:

INTRODUCTION

This is one of a series of actions (all pending before different judges of this court) in which investors in so-called “feeder — funds” funds that invested client assets with Bernard J. Madoff — seek to recover from those feeder funds and their fiduciaries.

In this case, the defendants fall into three groups: Ivy Asset Management and related parties, including Ivy’s principal, Lawrence Simon (the “Ivy Defendants”); and John P.…