Sep 12, 09:03 PM

U.S. Appeals Court Voids $564 Million Verdict Against Bank of Montreal in Tom Petters Ponzi Case

A U.S. appeals court has voided a $564 million jury verdict against a subsidiary of the Bank of Montreal. The verdict had been related to the subsidiary's involvement in an approximately $3.65 billion Ponzi scheme run by convicted Minnesota businessman Tom Petters. The Bank of Montreal successfully persuaded the court to throw out the verdict on Thursday.

#Bank of Montreal #Ponzi #Minnesota #Tom Petters

Written with ChatGPT (GPT-4o).

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Reuters@Reuters
1 year ago
Bank of Montreal persuaded a US appeals court on Thursday to throw out a $564 million jury verdict against a subsidiary over its role in an approximately $3.65 billion Ponzi scheme run by convicted Minnesota businessman Tom Petters https://t.co/gw1G4xLbaA
Reuters@Reuters
1 year ago
US appeals court voids $564 million verdict against Bank of Montreal in Ponzi case https://t.co/kGg69sqAbA https://t.co/5DqC1LzCCx
Reuters Business@ReutersBiz
1 year ago
Bank of Montreal persuaded a US appeals court on Thursday to throw out a $564 million jury verdict against a subsidiary over its role in an approximately $3.65 billion Ponzi scheme run by convicted Minnesota businessman Tom Petters. More here: https://t.co/HEYa2VXkDu

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U.S. Appeals Court Voids $564 Million Verdict Against Bank of Montreal in Tom Petters Ponzi Case

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