Ex-Acorn Capital Head Reaches $3M Deal In Ponzi Feeder Suit

Law360, New York (September 30, 2013, 7:04 PM EDT) -- The former president of Acorn Capital Group LLC has agreed to a settlement worth more than $3 million to exit a class action claiming he was partially responsible for the company's alleged funding of Thomas J. Petters' multibillion-dollar Ponzi scheme, according to documents filed Monday.

Paul Seidenwar has consented to a deal assigning an insurance policy from himself to the class, to stipulate to a $3.075 million judgment and to give the class the right to seek coverage under the insurance policy as a means of...
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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

UK Financial Services

UK Financial Services

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