June 30, 2021
A Minnesota federal judge tossed a suit accusing JPMorgan Chase & Co. and other financial institutions of failing to curtail Thomas Petters' $3.7 billion Ponzi scheme, finding Wednesday that the complainants lacked standing to bring the allegations and had failed to state an actionable claim.
January 06, 2021
J.P. Morgan and other financial institutions want a federal judge in Minnesota to toss a suit accusing them of failing to prevent the perpetuation of Minnesota businessman Thomas Petters' $3.7 billion Ponzi scheme.
December 14, 2017
A Minnesota federal judge on Thursday affirmed a bankruptcy court's recommendation to dismiss a suit against JPMorgan Chase & Co. by a hedge fund alleging the bank aided businessman Thomas Petters' $3.7 billion Ponzi scheme, finding the court lacks jurisdiction and the suit was filed too late.
March 17, 2015
A Minnesota federal judge on Monday moved to bankruptcy court a hedge fund's suit against JPMorgan Chase & Co. alleging it aided businessman Thomas Petters' $3.7 billion Ponzi scheme, granting JPMorgan's request.
February 04, 2015
JPMorgan Chase & Co. asked a Minnesota federal judge on Tuesday to toss a complaint brought by hedge funds alleging the bank and others aided and abetted disgraced businessman Thomas Petters' $3.7 billion Ponzi scheme, saying the claims were time-barred and voided by related bankruptcy litigation.