Judge Throws Out Madoff Trustee Lawsuit Against Banks
By
Kevin Fayle
on November 03, 2011
| Last updated on March 21, 2019
A federal judge in Manhattan has dismissed the Madoff trustee's lawsuit
against JPMorgan Chase and UBS that claimed the banks knew or should
have known of Madoff's Ponzi scheme. The judge tossed the lawsuit after
finding that the trustee could not bring the suit on behalf of the
victims of Madoff's fraud.
Judge Throws Out Madoff Trustee Lawsuit Against Banks
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