KPMG Madoff Suits Belong In Arbitration: NJ Appeals Court

Law360, New York (July 1, 2013, 8:58 PM EDT) -- A New Jersey appellate panel on Monday declined to revisit a professional malpractice suit against KPMG LLC filed by four feeder funds that were drained by the collapse of Bernard Madoff’s Ponzi scheme, ruling the plaintiffs were indirectly bound to an arbitration agreement.

A three-judge panel of the Superior Court of New Jersey, Appellate Division affirmed a trial judge’s ruling that an arbitration agreement between KPMG and Tremont Partners Inc., Tremont Capital Management Inc. and Rye Investment Management also applied to the plaintiffs, four funds that...
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