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Madoff Feeder Fund Managers Escape Investor Class Action

By Jonathan Randles (September 23, 2016, 3:44 PM EDT) -- A New York federal judge has rejected a class action brought by investors in two funds that funneled billions of dollars into Bernie Madoff's fraudulent securities firm, clearing two hedge funds that managed the funds of liability for not detecting the Ponzi scheme before it was exposed in 2008....

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