Previous Forum Non Conveniens Ruling In Madoff Feeder Fund Suit Overturned

Previous Forum Non Conveniens Ruling In Madoff Feeder Fund Suit Overturned

NEW YORK - Since a previous ruling in which all federal securities law claims against a feeder fund of Bernard L. Madoff Investment Securities LLC (BLMIS) and others were dismissed, a federal judge in New York's ruling denying the defendants' motion for forum non conveniens is now incorrect and the "balance of factors . . . now point strongly towards dismissal," the federal judge ruled Aug. 10 (In re Optimal U.S. Litigation, No 10-4095, S.D. N.Y.; 2012 U.S. Dist. LEXIS 77311).

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