Levinson v. Westport National Bank

MEMORANDUM OF DECISION GRANTING IN PART AND DENYING IN PART PLAINTIFFS’ MOTION FOR PARTIAL SUMMARY JUDGMENT [DKT. #354] AND GRANTING IN PART AND DENYING IN PART DEFENDANT’S AMENDED MOTION FOR SUMMARY JUDGMENT [DKT. # 372]

VANESSA L. BRYANT, District Judge.

This action arises out of the Ponzi scheme perpetrated by Bernard L. Ma-doff. Two individuals and a pension and profit-sharing plan, along with the class they represent (collectively the “Plaintiffs”), have brought this action against: (1) Westport National Bank (‘WNB”), the custodian of their retirement investments; and (2) Robert L.…