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.
'Feeder Fund' Investors Fail in Bid to Recover Madoff Losses
New York Law Journal
February 25, 2013
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