Collins Capital Slips Claims Over Madoff Ponzi Links

Law360, New York (July 28, 2010, 2:58 PM EDT) -- A federal judge has thrown out class action claims accusing Collins Capital Investments LLC of funneling investor money into funds operated by convicted Ponzi artist Bernard Madoff, while allowing the plaintiffs a chance to refile some of their complaint.

In a mixed ruling Tuesday, Judge Kenneth Marra of the U.S. District Court for the Southern District of Florida granted a portion of the defendants' motion to dismiss the case, finding that the amended complaint lacked the requisite clarity detailing the defendants' alleged actions and that the...
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