Santander Investors Fight To Stay In Madoff Case

Law360, New York (May 17, 2011, 1:56 PM EDT) -- Foreign investors tossed from a putative class action implicating Banco Santander SA in the Bernard Madoff fraud urged a New York federal judge Monday to reconsider the scope of the forum selection clause in Santander’s account agreement.

A faction of three U.S. citizens living in the Bahamas urged the court to review Santander’s investment contracts, pointing to a specific clause that they say contradicts the court’s recent holding that Santander entities accused of fraud are entitled to the forum selection clause.

The plaintiffs are among the...
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Case Information

Case Title

Rembaum et al v. Banco Santander, S.A. et al


Case Number

1:10-cv-04095

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Shira A. Scheindlin

Date Filed

May 18, 2010

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