Law360, New York (May 03, 2012, 9:21 PM ET) -- Katten Muchin Rosenman LLP was sued Thursday in Illinois by the bankruptcy trustee for a fund that had been done in by Thomas Petters' $3.5 billion Ponzi scheme over allegations the firm represented the fund and its client constituents despite a conflict of interest.
In a complaint filed in Illinois federal court, Ronald Peterson, the Chapter 7 trustee for Lancelot Investors Fund Ltd. and Colossus Capital Fund Ltd., claims Katten wrongly represented both Lancelot and Colossus along with their client constituents who had invested the funds'...
Lancelot Trustee Sues Katten Over Conflict Of Interest
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