Since 2009, Madoff investors have been bringing — and losing — class action lawsuits against the SEC alleging that the agency’s negligence in handling and investigating the Madoff Ponzi scheme caused their losses. Yesterday, the first of these cases to be dismissed also became the first to be ruled upon by a federal appeals court, with a similar result.
via Ninth Circuit Hands Latest Loss to Madoff Investors Suing SEC – Compliance Week
