SOURCE: Tramont, Guerra and Nunez, P. A.

February 12, 2009 12:00 ET

Notice to All Investors in the Banco Santander Optimal Strategic US Equity Fund Concerning Bernard L. Madoff Scandal

CORAL GABLES, FL--(Marketwire - February 12, 2009) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) in association with New York Law Firm Berenthal & Associates, P.C. ("Berenthal") makes an announcement to all Investors in the Banco Santander SA ("Banco Santander") Optimal Strategic US Equity Fund concerning the class action lawsuit filed for investor losses incurred as a result of the Bernard L. Madoff (Madoff) multi-billion dollar fraud. The class action lawsuit (Case No. 09 CV 20215) which was filed on January 26, 2009 alleged that the defendants, including Banco Santander, were negligent and reckless in investing substantially all of the assets of the Strategic US Equity Fund with Madoff for management. TGN and Berenthal are currently investigating the relationship Banco Santander had with Madoff. TGN and Berenthal have focused their investigation on behalf of individual investors who may have individual arbitration or litigation claims for Banco Santander's failure to perform the required due diligence of Madoff's investment firm.

The Madoff fraud has been characterized as a ponzi scheme and the entity that served as the investment conduit can, under certain circumstances, be held responsible for its failure to adequately review the investment management of the funds placed under Madoff's direction and advice. Financial advisors and investment managers are obligated to perform the due diligence function, and investors are entitled to rely on these firms for competent, suitable investment advice in accordance with the Financial Industry Regulatory Authority (FINRA) Rules and Regulations. Failure to properly discharge its duties and obligations to investors may give rise to meritorious individual arbitration or litigation claims. Investors with viable claims may want to pursue an individual arbitration or litigation instead of being part of a class action.

The Securities Law Firm of Tramont Guerra & Núñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from an attorney for investment losses incurred from the Madoff ponzi scheme, contact us on our website at http://www.stockmarketlosslawyer.com/current-investigations.htm. To speak directly with an attorney, please call.

Destination URL: http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-santander.htm

Contact Information

  • Contact:
    David Chacin, Esquire
    2100 Ponce De Leon Blvd, Penthouse II
    Coral Gables, Florida 33431
    (800) 578-0137
    Email Contact

    James L. Berenthal, Esquire
    317 Madison Avenue, Suite 405
    New York, NY 10071
    (212) 354-5625
    Email Contact