• October 7, 2010

The bankruptcy trustee has his eyes on Arrowhead Capital Management.  He filed a 154-page complaint on Oct. 5 for $105 million (Bloomberg coverage here).   Class action plaintiffs’ lawyers have long had their eyes on Arrowhead, as well, in connection with its role in the Petters mess though plaintiffs’ counsel did not get very far before U.S. District Court Judge James R. Rosenbaum (D. Minn.).  Judge Rosenbaum dismissed plaintiffs’ claims on jurisdictional grounds back in May.

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