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IN RE: Banco Santander Securities-Optimal Litigation

  1. August 2, 2010

    Santander Madoff Suit Belongs In Irish Court: Judge

    A federal judge has dismissed a class action alleging Spanish banking giant Banco Santander SA was negligent in investing more than $3 billion in Bernard L. Madoff’s $65 billion Ponzi scheme, saying the case should be heard in Ireland.

  2. November 20, 2009

    Santander Says It Performed Madoff Due Diligence

    Spanish banking giant Banco Santander SA has asked a federal judge in Florida to toss a class action alleging that it was negligent in investing over $3 billion in Bernard L. Madoff’s $65 billion Ponzi scheme, saying that the bank monitored the fraudster as closely as anyone.

  3. June 17, 2009

    Fund Mgrs. Want Out Of Santander Suit Over Madoff

    Two foreign fund directors who are included as defendants in a suit against Spain's Banco Santander SA brought by clients claiming the defendants carelessly invested $3 billion in Bernard L. Madoff's $65 billion Ponzi scheme have asked a federal court to dismiss them from the case, arguing that the U.S. courts have no jurisdiction over them.

  4. February 19, 2009

    Santander To Notify Madoff Clients Of Lawsuit

    Banco Santander SA has agreed to issue a corrected notice that will allow investors devastated by Bernard L. Madoff's alleged $50 billion Ponzi scheme to assess the bank's compensation offer in light of a putative class action, laying to rest an emergency motion by the plaintiffs to enjoin the bank from communicating with clients on the matter.

  5. February 2, 2009

    Class Slams Santander Offer To Madoff Victims

    A putative class has asked a federal judge to block Spain's Banco Santander SA from offering a compensation plan to investors who lost more than $3 billion in disgraced financier Bernard L. Madoff's alleged $50 billion Ponzi scheme.

  6. January 28, 2009

    Spain's Largest Bank Slapped With $3B Madoff Suit

    Spain's Banco Santander SA has been hit with a class action from investors alleging the bank failed to scrutinize disgraced fund manager Bernard L. Madoff's dealings before investing $3 billion of its clients' money in the alleged $50 billion Ponzi scheme.