Santander Madoff Suit Belongs In Irish Court: Judge

Law360, New York (August 2, 2010, 3:15 PM EDT) -- A federal judge has dismissed a class action alleging Spanish banking giant Banco Santander SA was negligent in investing more than $3 billion in Bernard L. Madoff’s $65 billion Ponzi scheme, saying the case should be heard in Ireland.

Judge Paul C. Huck of the U.S. District Court for the Southern District of Florida on Thursday found that because more parties and witnesses would be located in Ireland than in any other location, the U.S. portion of the case should be closed on forum non conveniens...
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