HARTFORD, Conn. (AP) — The Connecticut Appellate Court ruled Wednesday that the town of Fairfield may not make claims for millions in losses to its pension fund due to disgraced financier Bernard Madoff's fraud scheme.
The state's second highest court ruled 3-0 that a Stamford Superior Court judge decided correctly in April 2010 that Fairfield was not directly affected by the actions of two partners in an investment firm accused of conspiring with Madoff.
Richard Robinson, the lawyer representing Fairfield, told the court May 19 that Walter M. Noel Jr. and Jeffrey H. Tucker, the two partners, conspired with Madoff. As a result, they should be included among those responsible for a $42 million loss in Fairfield's pension fund, he said.
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