A Third Lawsuit by Madoff Investors Against the SEC Gets Dismissed

The cases were longshots from the beginning, but you can hardly blame the numerous Madoff victims who have pursued lawsuits against the SEC for its alleged gross negligence in its oversight, investigations, and examinations of Bernard Madoff and his firm. To date, however, each of these cases to date has ended in dismissal, including the most recent decision which was issued on December 8, 2011.

via A Third Lawsuit by Madoff Investors Against the SEC Gets Dismissed – Compliance Week.