Circuit Court Blasts SEC While Ruling in Its Favor over Madoff Case

On April 10, 2013, the United States Court of Appeals for the Second Circuit upheld the lower court’s dismissal of a law suit brought by victims of convicted Ponzi schemer Bernard Madoff’s fraud.  Plaintiffs in the case of Molchatsky, et al., v. United States, alleged that the Securities and Exchange Commission was negligent in its […]