May 29, 2012
A federal judge on Friday dismissed a hedge fund's fraud claims against Minneapolis law firm Fredrikson & Byron PA, which counseled convicted Ponzi schemer Thomas Petters' former companies, saying the fund's questions over loans secured by Polaroid Corp. assets have to be proven in a bankruptcy proceeding first.
February 02, 2012
A hedge fund sued Ponzi schemer Thomas Petters in Minnesota on Thursday for allegedly cheating it out of Polaroid Corp. security interests owed to the fund in exchange for $150 million it loaned to the company's Petters-owned parent, which went bankrupt.