Mealey's Securities/D&O Liability - 2nd Circuit Panel Denies Rehearing In Madoff Feeder Fund Lawsuit

Mealey's Securities/D&O Liability - 2nd Circuit Panel Denies Rehearing In Madoff Feeder Fund Lawsuit

NEW YORK - Finding the U.S. Supreme Court's ruling in Chadbourne & Park LLP v. Troice to confirm both the "logic and holding" of a Second Circuit U.S. Court of Appeals' ruling in an Bernard L. Madoff Investment Securities LLC (Madoff Securities) feeder fund lawsuit, a Second Circuit panel on May 28 declined to granted investors' motions for rehearing and rehearing en banc (In re: Herald, Primeo and Thema, Nos. 12-156 and 12-162, 2nd Cir.).

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