Southern District Court of New York Holds 'Red Flags' Insufficient to Allege Scienter in Madoff-Related Federal Securities Class Action

Mondaq Business BriefingUnited States Law Articles in English (2011)

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Southern District Court of New York Holds 'Red Flags' Insufficient to Allege Scienter in Madoff-Related Federal Securities Class Action

Originally published January 13, 2011

Keywords: common law fraud, fund of funds, Madoff, FF Fund, red flags, securities fraud

Judge Leonard Sand of the District Court of the Southern District of New York recently dismissed secur...

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