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...
To view the full article, register now.

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.