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6th Circuit Affirms Dismissal Of Ponzi Victims' Suit Against Banks

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CINCINNATI - The Sixth Circuit U.S. Court of Appeals on March 13 affirmed the dismissal of a suit a large group of Ponzi scheme victims filed against several banks, finding that the victims' second amended complaint "brings no U.C.C. $(Uniform Commercial Code$) conversion claims into view" (Bruce Bandy, et al. v. Fifth Third Bank, et al., No.11-4184, 6th Cir.; 2013 U.S. App. LEXIS 5260)....(read more)

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