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2nd Circ. Rejects Time-Based Damages For Madoff Victims

By Andrew Scurria ( February 20, 2015, 2:19 PM EST) -- The Second Circuit on Friday denied early investors in Bernard Madoff's Ponzi scheme an inflation adjustment or interest on their claimed losses, finding no basis in the Securities Investor Protection Act for such an alteration to the existing victim payout formula....

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