2nd Circ. To Review Class Cert. In Madoff Feeder Fund Suit

Law360, New York (June 17, 2013, 1:57 PM EDT) -- The Second Circuit said Friday it will review a judge's decision to certify a class of institutional investors who claim several fund administrators and an auditor helped a feeder fund for Bernard Madoff funnel the investors' money into the notorious Ponzi scheme.

The appeals court granted a request to review U.S. District Judge Victor Marrero's Feb. 25 decision, which certified a class of institutional investors who claim that the remaining defendants in the case didn't do enough to police Fairfield Greenwich Group, whose funds were heavily...
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