JPMorgan Chase is off the hook after the U.S. Court of Appeals for the Second Circuit issued a summary judgment this week agreeing that the investment giant couldn’t be shown to have had control over Bernie Madoff‘s Ponzi scheme.
In May of last year, Southern District Judge John Koeltl sided with JPMorgan Chase against a class of investors seeking to recover some of their lost investment from the bank, having escaped as “net winners” with profits from the scheme before it collapsed.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
