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Monday, March 30, 2015

U.S. justices rebuff lawsuit against banks over Madoff Ponzi scheme

Per www.reuters.com:

WASHINGTON, MARCH 30 


(Reuters) - The U.S. Supreme Court on Monday left intact a ruling that prevents plaintiffs from suing banks that they say aided and abetted convicted fraudster Bernie Madoff.
The high court declined to hear two separate appeals filed by investors in foreign investment vehicles that lost money when Madoff's the Ponzi scheme collapsed in 2008. They had sued Madoff's bankers, JPMorganChase & Co and Bank of New York Mellon Corp, and others.
For more, see: http://www.reuters.com/article/2015/03/30/usa-court-securities-idUSL2N0WT2DB20150330



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