The U.S. bankruptcy trustee for Petters Group Worldwide LLC, seeking to recoup more than $3.2 billion for creditors, sued two investment firms that it says were founded by Florida financier Steve Stevanovich .
The examiner for newspaper publisher Tribune Co. filed his heavily redacted report yesterday evening and concluded it was “highly likely” that the completion of the leveraged buyout in December 2007 made the parent company “insolvent” and “reasonably likely” the subsidiaries were rendered insolvent.
A Connecticut hedge fund and its manager were sued by the Securities and Exchange Commission for disgorgement of gains made while sending hundreds of millions of investors’ dollars to fraud scheme operator Thomas Petters .
Muhammad Ali boxing gloves, photos and fight robes, as well as a life-size statue of the former heavyweight champion, will be sold to raise money for victims of their owner, convicted swindler Thomas Petters .
JPMorgan Chase & Co. and Ritchie Capital Management LLC were sued by the U.S. bankruptcy trustee for companies run by convicted Ponzi schemer Thomas Petters in an effort to recover more than $261 million.