| 5.2°C Dublin

Deal reached in Madoff case

ONE of several actions brought on behalf of investors affected by the activities of US fraudster Bernard Madoff was settled at the Commercial Court yesterday.

Kalix Fund, registered in the British Virgin Islands, had brought claims for $35m (€27.4m) against HSBC Institutional Trust Services (Ireland), Grand Canal Square, Dublin, the Irish arm of HSBC.

Mr Justice Peter Charleton was told yesterday evening a settlement had been reached. No details were disclosed.

The case is one of about 50 actions brought in the Irish courts against HSBC.

Palestinian bid for UN status

The Palestinians have taken the first step towards raising their UN status from observer to non-member observer state by circulating a draft resolution to the 193 UN member states asking for their support.

A Palestinian diplomat said Arab League foreign ministers were expected to discuss the draft at a meeting in Cairo on November 12-13.

Approval would elevate the Palestinians to the same status as the Vatican. The draft resolution states that, to date, 132 nations have recognised "the State of Palestine".

Wahlberg to be Transformed

Transformers director Michael Bay says Mark Wahlberg will star in the franchise's fourth film.

Bay called Wahlberg (41) the "perfect guy to reinvigorate the franchise and carry on the Transformers' legacy" in a post on his blog.

The third Transformers film, Dark of the Moon, was the second highest-grossing film of 2011.

US jet alert as man prays

A United Airlines flight from Denver, Colorado, was escorted to Washington DC by fighter jets after a male passenger began praying in an aisle.

The plane was escorted by the jets after the crew declared an emergency, said a Denver TV station. The plane landed yesterday at Dulles International Airport.

United spokeswoman Megan McCarthy said a passenger was not following flight attendants' instructions for landing.