Atty Tells 2nd Circ. Madoff Investor Suit Has Legs

Law360, New York (May 25, 2011, 1:44 PM EDT) -- An attorney for an investment company that lost $12.8 million in Bernard L. Madoff's Ponzi scheme told a Second Circuit panel Wednesday that his client should be allowed to continue its case against Madoff's bank, JPMorgan Chase & Co., despite recently heightened pleading standards.

U.S. Circuit Judge Robert D. Sack — who sat on the panels that decided both the Iqbal and Twombly cases that the U.S. Supreme Court later reversed, raising the bar on what plaintiffs must plead in their complaints — questioned how the...
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