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Judge Throws Out Madoff Trustee Lawsuit Against Banks

Judge Throws Out Madoff Trustee Lawsuit Against Banks

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Published by FindLaw
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 fraud. The judge tossed the lawsuit after finding that the trustee could not bring the suit on behalf of the victims of Madoff's fraud.
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 fraud. The judge tossed the lawsuit after finding that the trustee could not bring the suit on behalf of the victims of Madoff's fraud.

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Published by: FindLaw on Nov 03, 2011
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