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Southern District of New York dismisses Madoff suit by foreign investors under SLUSA

  • Holland & Knight LLP
  • -
  • USA
  • -
  • December 12 2011

On November 29, 2011, the Southern District of New York (SDNY), dismissed claims by a class of foreign plaintiffs who invested in foreign feeder funds that invested in the ponzi scheme orchestrated by Bernard L. Madoff ("Madoff") and Bernard L. Madoff Investment Securities LLC ("Madoff Securities"