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...
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