Ex-Acorn CFO Tries To Escape Suit Over Petters Fraud

Law360, New York (June 3, 2011, 7:19 PM EDT) -- The former chief financial officer of Acorn Capital Group LLC on Friday tried to rebuff a putative shareholder class action in Connecticut implicating him in the multibillion-dollar Ponzi scheme operated by Thomas J. Petters.

Robert Bucci is named along with Acorn and three other executives in a suit filed in June 2010 by investor Poptech LLC. Distinguishing himself from his co-defendants, Bucci claims he was a peripheral player and wholly innocent of the fraud.

While former Acorn President Paul Seidenwar recently failed to dismiss similar control...
To view the full article, register now.




Case Information

Case Title

Poptech, L.P. v. Stewardship Investment Advisors, LLC et al

Case Number




Nature of Suit



Stefan R. Underhill

Date Filed

June 18, 2010

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.