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Madoff Ruling Blocks Risky Expansion Of US Bankruptcy Law

By Andrew Scurria (July 7, 2014, 10:14 PM EDT) -- U.S. District Judge Jed Rakoff's Monday decision to save foreign investment funds from disgorging earnings from the Bernard L. Madoff fraud rejected an unprecedented attempt to expand U.S. bankruptcy law across borders and ensured that international investors have little to fear from defunct U.S. firms' liquidating trustees, attorneys say....

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