Trustee Urges 7th Circ. To Review Winston Malpractice Case

Law360, New York (September 23, 2013, 2:07 PM EDT) -- The bankruptcy trustee for Lancelot Investors Fund Ltd. and Colossus Capital Fund Ltd. asked the Seventh Circuit on Friday to rehear a malpractice suit against ex-counsel Winston & Strawn LLP, arguing that the court's definition of "plausibility" is too black-and-white.

The funds, which lost money in Tom Petters' Ponzi scheme, accuses Winston of failing to get informed consent for simultaneously representing Lancelot and Colossus. Winston also allegedly failed to advise its clients that Gregory Bell, who owned the management companies and later pled guilty in connection...
To view the full article, register now.




Case Information

Case Title

Ronald Peterson v. Winston & Strawn

Case Number



Appellate - 7th Circuit

Nature of Suit

Date Filed

November 2, 2012

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.