Panel: Exception Under FTCA Properly Applied To Investors’ Damages Claims

Mealey's (May 16, 2019, 2:14 PM EDT) -- ATLANTA — A federal district court did not err in dismissing investors’ damages claims against the U.S. government under the Federal Tort Claims Act (FTCA) in a lawsuit stemming from a Ponzi scheme by applying the FTCA’s discretionary function exception to the waiver of sovereign immunity, an 11th Circuit U.S. Court of Appeals panel ruled May 15 in a per curiam opinion (Illinois Metropolitan Investment Fund, et al. v. United States of America, No. 16-0294, 11th Cir., 2019 U.S. App. LEXIS 14389)....