Madoff, Bernard Lawrence
John Li Kwok Heem v Standard Chartered Intl (USA) Ltd
HK Court of First Instance, 5-Jan-2016
Mr Li sued over a failed investment in Bernie Madoff's Ponzi scheme via the Fairfield Sentry Fund which the bank had distributed to him. Judge Louis Chan holds that although Standard Chartered did (unknowingly) make false representations on which Mr Li relied, the bank conducted its due diligence on the fund with reasonable care and skill and was not negligent. Case dismissed.
HK Court of First Instance, 5-Jan-2016
Mr Li sued over a failed investment in Bernie Madoff's Ponzi scheme via the Fairfield Sentry Fund which the bank had distributed to him. Judge Louis Chan holds that although Standard Chartered did (unknowingly) make false representations on which Mr Li relied, the bank conducted its due diligence on the fund with reasonable care and skill and was not negligent. Case dismissed.
Lammas Global Corp v Barclays Bank plc & others
HK Court of First Instance, 13-Apr-2011
The plaintiff, owned by David Peabody, tries to sue Barclays in HK in relation to the sale of the Fairfield Sentry feeder fund, which fed into Bernard Madoff's Ponzi scheme. The HK court bounces the jurisdiction to Switzerland.
HK Court of First Instance, 13-Apr-2011
The plaintiff, owned by David Peabody, tries to sue Barclays in HK in relation to the sale of the Fairfield Sentry feeder fund, which fed into Bernard Madoff's Ponzi scheme. The HK court bounces the jurisdiction to Switzerland.
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