Kohn, Madoff Family Members Freed From $49M UK Suit

Law360, New York (October 18, 2013, 5:59 PM EDT) -- A U.K. judge Friday exonerated Austrian banker Sonja Kohn, several members of Bernard Madoff's family and others for their roles in the notorious Ponzi scheme, tossing an "unfounded" $49 million lawsuit from the liquidators of Madoff's British operations after a five-week hearing in London.

Justice Andrew Popplewell said that Kohn, who had a longtime association with Madoff through Bank Medici AG, Madoff's son Andrew, his son Mark who killed himself in 2010 and several directors of London-based Madoff Securities International Ltd. weren't responsible for the multibillion-dollar Ponzi scheme that has left Madoff serving a 150-year sentence.

"Their honesty and integrity has...

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