Fund Mgrs. Want Out Of Santander Suit Over Madoff

Law360, New York (June 17, 2009, 12:00 AM EDT) -- Two foreign fund directors who are included as defendants in a suit against Spain's Banco Santander SA brought by clients claiming the defendants carelessly invested $3 billion in Bernard L. Madoff's $65 billion Ponzi scheme have asked a federal court to dismiss them from the case, arguing that the U.S. courts have no jurisdiction over them.

In a motion filed Wednesday in the U.S. District Court for the Southern District of Florida, Anthony L.M. Inder Rieden and Brian Wilkinson argue that they should be dismissed from...
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