2014-02-21yahoo.com

David Rosenfeld, a lawyer who filed the new lawsuit, said "many hours" of interviews with Madoff, including in person on October 28 at the federal prison in Butner, North Carolina, suggested that top officials knew of the fraud... The lawsuit was filed on behalf of the Steamfitters Local 449 Pension Fund in Pittsburgh and Central Laborers' Pension Fund in Jacksonville, Illinois, both shareholders of JPMorgan.

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JPMorgan spokeswoman Tasha Pelio declined to comment on the lawsuit, one of several seeking to hold bank officials responsible for failing to uncover the fraud before it surfaced publicly in December 2008


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