Investors in several funds owned or controlled in part by Massachusetts Mutual which invested in Bernard Madoff-controlled securities, have filed suit in U.S. District Court for the District of Massachusetts seeking class action status.

Boston-based Gilman and Pastor is seeking to recover funds from multiple sources, including law firms, auditors and financial advisors who failed in their duties to perform necessary due diligence and even aided and abetted the acts which allowed Bernard Madoff’s scheme to succeed.

The firm is representing persons and institutions who entrusted money and purchased various investment funds with Madoff, Bernard L. Madoff Investment Securities LLC, and other responsible and related entities, where such funds were marketed as providing steady double-digit returns even in the most turbulent of markets. Plaintiffs allege that Madoff, BMIS and other related entities including Tremont Group Holdings Inc., Oppenheimer Acquisition, Massachusetts Mutual Life Insurance Co. and other responsible parties mislead and invested their clients’ investments as part of a massive Ponzi scheme.