Friday, November 20, 2009
It's Motion to Dismiss Day in Banco Santander Land!
Anyone remember that Banco Santander/Madoff suit pending before Judge Huck?
Well it looks like the defendants got together and decided to just bombard the court with motions to dismiss.
I'm not sure but I think even Judge Huck filed one, that's how many motions there are to wade through.
The main one filed by Banco Santander asserts that the allegations of securities fraud do not have a United States nexus and the securities laws cannot apply extraterritorially.
It's a pretty interesting read and remarkable that they got it in under 20 pages.
Brevity is the soul of wit, kids.
(I expect Judge Huck to be issuing orders on these motions by this afternoon).