• February 8, 2012

It was only a matter of time until some entity started pointing a finger at Fredrikson & Byron, the law firm that did a considerable amount of the legitimate work for Petters’ legitimate entities back in the day.  The questions plaintiff will focus on, of course, are what did the law firm know about the illegitimate Ponzi scheme and when did it know it?  The fact that this matter has been in the public eye since late 2008 and, so far, none of the many investigations (civil and criminal, state and federal) have implicated F&B suggest that plaintiff may be facing an uphill battle (which will nevertheless be costly for F&B to defend).  (Local press coverage here, here, here (in chron order of stories)).

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