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Madoff feeder fund refused damages again on reflective loss grounds

By Dominic Lawson

24 June 2019

Madoff feeder fund refused damages again on reflective loss grounds Grand Cayman, Cayman Islands / iStock.com/JodiJacobson

The liquidators of a Madoff feeder fund have failed to obtain damages from its former administrator and custodian and may now appeal to the UK Privy Council, after a Cayman appeals court struck down their claim on reflective loss grounds.