Judge Denies Class Action Status for Plaintiffs in Madoff-Westport Bank Suit

Following the Madoff scam, twenty-six investors sued Westport National Bank seeing to recover millions lost in accounts the bank invested with Madoff’s firm. The plaintiffs alleged that the bank breached its duty to serve as custodian of the accounts and protect the accounts from fraudulent activity, WestportNow.com reports. Read Securities Docket report here.