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Browse: Home / 2013 / July / 19 / Bank in Madoff Case Settles With Some Plaintiffs and Gets Favorable Jury Ruling – DealBook

Bank in Madoff Case Settles With Some Plaintiffs and Gets Favorable Jury Ruling – DealBook

By Securities Docket on July 19, 2013, 11:35 am

Westport National Bank and its parent company, Connecticut Community Bank, were not liable for the losses of investors in Bernard Madoff’s vast Ponzi scheme in its role as a custodial bank, a jury found on Wednesday. Separately, the bank agreed to pay $7.5 million to 240 investors in a related case, a lawyer for the bank said.

via Bank in Madoff Case Settles With Some Plaintiffs and Gets Favorable Jury Ruling – DealBook

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Posted in Criminal, Industry, Top | Tagged Dismissals, Madoff, Settlements

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