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View Full Version : Madoff trustee lacks standing on many claims-judge - Reuters



FraudNews
07-28-2011, 09:20 PM
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Daily Mail (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFuzzxNepILJY1BoKJpL-jDpKkSwA&url=http://www.dailymail.co.uk/news/article-2019960/Madoff-victims-1bn-hedge-fund-ploughed-money-Ponzi-scheme.html?ito%3Dfeeds-newsxml)


Madoff trustee lacks standing on many claims-judge (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE08VCkQFLNiMl62QVcNVGiBg45Qw&url=http://www.reuters.com/article/2011/07/28/madoff-idUSWEN644320110728)
Reuters
... A Manhattan federal judge said the trustee seeking money for victims of Bernard Madoff's Ponzi scheme does not have standing to pursue common law claims against third parties said to violate a duty to those victims by failing to detect the fraud. ...
Madoff 'feeder funds' agree $1 bn settlement (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEz2NcJqwrWBen900G6vDUHc3PxIQ&url=http://www.google.com/hostednews/afp/article/ALeqM5g_XqoJK62YMB9tSlXZCr5xXr-tTA?docId%3DCNG.257ca886195e82c183202f64ad9ed6e5.8 a1)AFP
Madoff Trustee Settles With Funds for $1 Billion (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHpKDadlzTgs6apb2U5tXiaRvYxwA&url=http://www.bloomberg.com/news/2011-07-28/madoff-trustee-makes-1-billion-settlement-with-tremont-after-ponzi-scheme.html)Bloomberg
Settlement Reached with Tremont Group, Second-Largest Feeder Fund Network in ... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHDUs5fT8wC7_uRv-VM4UbAuYrE-w&url=http://insurancenewsnet.com/article.aspx?id%3D270642%26type%3Dnewswires)Insura nce News Net (press release)
The Associated Press (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHnRztdhuttxpvdmdv0hNYhmmVrLw&url=http://www.google.com/hostednews/ap/article/ALeqM5jPINJ4r20DukHyZEZHNRxwLWtczQ?docId%3D39c2281 5358b4de6b3b1afeb0f438558) -Thomson Reuters News & Insight (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFDq-IM8Rc9UwL4d3YQ3g8QOhAuQw&url=http://newsandinsight.thomsonreuters.com/Legal/News/2011/07_-_July/Why_s_Citi_sticking_to_bankruptcy_court_in_Picard_ s_Madoff_case_/)
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