More Madoff

Irving Picard, the trus tee liquidating Bernard Madoff’s former invest ment firm, filed an un sealed complaint against Tremont Group seeking at least $2.1 billion in damages from the feeder fund.

Indie Front

FrontPoint Partners completed its spinout from parent Morgan Stanley, which is keep ing a minority stake in the hedge-fund firm.

HSBC halt

HSBC Holdings sus pended home foreclo sures in the US after a government review of the lender’s procedures revealed problems with the way it handled some repossessions.

Private Crew

J. Crew Group share holders voted in favor of a $43.50 a share takeover by buyout firms TPG Capital and Leonard Green & Partners, valu ing the apparel retailer at about $3 billion.

St. Joe gold

Departing St. Joe CEO Britt Greene will receive $2.92 million in cash six months after his termi nation date, a pro rata $118,000 bonus and an other $1 million under the retirement plan.