Judge Refuses to Dismiss Madoff Feeder Fund Suit Against Banco Santander

Investors may have had mixed success to date in lawsuits against so-called feeder funds that turned over their money to Bernard Madoff, but plaintiffs who lost a fortune to Madoff’s Ponzi scheme aren’t giving up anytime soon. On Monday, plaintiffs lawyers at Labaton Sucharow representing a purported class of investors in a feeder fund affiliated with Banco Santander scored a victory when they were allowed to move ahead with their claims against the Spanish bank.

Read more: Judge Refuses to Dismiss Madoff Feeder Fund Suit Against Banco Santander — AmLaw Litig. Daily