The U.S. Court of Appeals for the Second Circuit ruled on Feb. 22 that investors whose money ended up in Bernard L. Madoff Investment Securities through so-called "feeder funds" cannot recover their losses from the trustee charged with unwinding Madoff's Ponzi scheme.
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'Feeder Fund' Investors Fail in Bid to Recover Madoff Losses
New York Law Journal
February 25, 2013
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