Madoff Deposition OK'd In Banco Santander Fraud Suit

Law360, New York (July 5, 2012, 5:06 PM EDT) -- A class of foreign investors alleging Banco Santander SA tricked them into investing in a fund that backed Bernard L. Madoff Investment Securities LLC will get to question the convicted Ponzi schemer after a New York federal judge granted their request for a deposition Tuesday.

U.S. District Judge Shira A. Scheindlin will allow the plaintiffs to depose the imprisoned Madoff for up to 14 hours over the course of two days, according to an order filed in the Southern District of New York. The plaintiffs and...
To view the full article, register now.

Documents

Related

Sections

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

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.