Madoff victims appeal ruling

A lawyer for the trustee seeking money for Bernard Madoff’s victims asked an appeals court yesterday to restore $30bn in claims against JPMorgan Chase and other banks, in a bid to overturn earlier court rulings that only Madoff victims, not the trustee, could sue third parties such as banks for damages. The trustee has said JPMorgan and other banks ignored warning signs about Madoff’s fund – allegations the banks have denied.