Newsclip®: [Business] JPMorgan wins dismissal of Madoff investors' US lawsuit

"NEW YORK: JPMorgan Chase & Co on Wednesday won dismissal of a lawsuit brought by former customers of Bernard Madoff who blamed the US bank for playing an active role in his Ponzi scheme and ignoring red flags of his fraud.US District Judge John Koeltl in Manhattan said the plaintiffs failed to show that JPMorgan had specific control over Madoff's fraud. He also said the allegations suggested at most that JPMorgan and its employees `were negligent, not fraudulent` in dealing with Madoff,",

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