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Archive

Conn. Bank Settles Madoff Lawsuit, Wins Verdict

A Connecticut bank has agreed to pay more than $7 million to investors who lost millions of dollars in Bernard Madoff’s massive Ponzi scheme but it also won a jury verdict involving two of the investors, attorneys said Thursday. The investors contended Westport National Bank failed at its job as custodian of their retirement accounts.… Read more >


Town Recovers Money Linked To Madoff Scams

Retirement Program for Employees of the Town of Fairfield, et al. v. Bernard L. Madoff, et al.: A Connecticut judge has approved a $2.8 million settlement between the Town of Fairfield and an investment firm that the town sued in 2009 over pension fund losses tied to financier Bernard Madoff’s fraud scheme. The town has… Read more >