Fulbright Can’t Shake Malpractice Suit Over Petters Scheme

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Fulbright Can’t Shake Malpractice Suit Over Petters Scheme

A Florida bankruptcy judge refused Monday to dismiss a $748 million lawsuit accusing Fullbright & Jaworski LLP of failing to properly advise funds involved in Tom Petters’ $3.6 billion Ponzi scheme

Posted in In the News, Michael S. Budwick - In the News, Peter D. Russin - In the news, Solomon B. Gene - In the News

Another fraud, another missing diamond ring

Miami Beach businesswoman and philanthropist Amarilis Osorio, who received immunity from prosecution in her husband’s fraud, allegedly lost a $50,000 diamond ring days before she and her spouse filed for bankruptcy in 2011.

Posted in In the News, Michael S. Budwick - In the News

Major law firm loses bid to dismiss $718M Ponzi lawsuit for Palm Beach Finance

A Palm Beach County bankruptcy judge has green-lighted a massive Ponzi scheme lawsuit against one of the biggest law firms in the United States – Fulbright & Jaworski.

Posted in In the News, Michael S. Budwick - In the News

Palm Beach Finance can pursue $1B Ponzi claim vs. GE Capital

Palm Beach Finance, which lost a billion dollars in the Tom Petters financial fraud, is cleared to pursue its lawsuit against General Electric Capital Corp.

Posted in In the News, Michael S. Budwick - In the News

Palm Beach Finance can pursue $1B Ponzi claim vs. GE Capital

Palm Beach Finance, which lost a billion dollars in the Tom Petters financial fraud, is cleared to pursue its lawsuit against General Electric Capital Corp.

Posted in In the News, Michael S. Budwick - In the News

Palm Beach Finance can pursue $1B Ponzi claim vs. GE Capital

Palm Beach Finance, which lost a billion dollars in the Tom Petters financial fraud, is cleared to pursue its lawsuit against General Electric Capital Corp.

Posted in In the News, Michael S. Budwick - In the News

Petters, Capmark, AMR, Lehman, Valence, Norse: Bankruptcy

General Electric Capital Corp. temporarily defeated eight of nine fraud claims in a $1 billion lawsuit brought by creditors of hedge funds swindled by the Thomas Petters, the architect of the third-largest Ponzi scheme in U.S. history.

Posted in In the News, Michael S. Budwick - In the News

Court OKs Tom Petters victim’s $1B lawsuit against GE Capital

A Florida firm that lost a billion dollars in the Tom Petters financial fraud is cleared to pursue its lawsuit against General Electric Capital Corp.

Posted in In the News, Michael S. Budwick - In the News

Lawsuit Claims GE Capital Could Have Stopped Petters’ Multi-Billion Ponzi Scheme

According to a complaint filed on behalf of the liquidator of Palm Beach Finance Partners, GE Capital Corporation (GECC) had information that should have led it to believe that Thomas Petters was running a Ponzi Scheme back in 2000.

Posted in In the News, Michael S. Budwick - In the News

Judge Allows Petters Feeder Fund Lawsuit to Move Forward

A bankruptcy judge said a major feeder fund to convicted Ponzi-scheme operator Tom Petters may move forward with a lawsuit to collect more than $4 billion in damages from General Electric Capital Corp .

Posted in In the News, Michael S. Budwick - In the News, Solomon B. Gene - In the News