Lancelot Trustee Sues Katten Over Conflict Of Interest

Law360, New York (May 3, 2012, 9:21 PM EDT) -- 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'...
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Case Title

Peterson v. Katten Muchin Rosenman LLP


Case Number

1:12-cv-03393

Court

Illinois Northern

Nature of Suit

380(Personal Property: Other)

Judge

Honorable Harry D. Leinenweber

Date Filed

May 3, 2012

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