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Ritchie Capital Management, L.L.C. et al v. General Electric Capital Corporation

  1. August 04, 2015

    GE Slips Suit Alleging Role In $3.6B Petters Ponzi Plot

    A New York federal judge tossed a suit Tuesday alleging General Electric Capital Corp. knew about and helped facilitate the $3.6 billion Ponzi scheme orchestrated by Tom Petters, finding that plaintiff Ritchie Capital Management LLC's claims lacked merit and were already covered by the Petters bankruptcy trustee.

  2. February 05, 2015

    GE Capital Can't Merge Suits Over $3.6B Petters Ponzi Plot

    The U.S. Judicial Panel on Multidistrict Litigation in Florida refused to centralize three lawsuits against General Electric Capital Corp. for allegedly participating in the $3.6 billion Ponzi scheme orchestrated by Tom Petters, ruling Wednesday that the cases were in significantly different stages.