Tangled In $3B Fraud Suit, Petters Files For Ch. 11
Petters Co. filed for bankruptcy on Saturday in the U.S. Bankruptcy Court for the District of Minnesota, listing between $500 million and $1 billion in liabilities. Parent company Petters Group Worldwide LLC also filed for Chapter 11 on Saturday in the same court, listing less than $50,000 in liabilities.
Another Petters division,...
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