Madoff Feeder Suits Belong in Europe, Banks Tell 2nd Circ.

By Brian Mahoney (July 26, 2012, 9:42 PM EDT) -- Italian bank Unicredit SPA and Austrian banker Sonja Kohn urged the Second Circuit on Tuesday to affirm a district court's dismissal of a previously consolidated class action brought by investors in foreign funds who allegedly lost billions in Bernard L. Madoff's Ponzi scheme, saying the underlying suits belong in European courts. ...

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