Legal Opinion
Kelley v. College of St. Benedict
District Court, D. Minnesota
Decided October 26, 2012No. Civ. No. 12-822 (RHK/LIB)PublishedCited by 10 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
RICHARD H. KYLE, District Judge.
“Ponzi schemes leave no true winners once the scheme collapses.” Donell v. Rowell, 533 F.3d 762, 779 (9th Cir.2008). At its core, this case asks the Court to decide between two “losers” in the lengthy Ponzi scheme orchestrated by Tom Petters. On one hand are the creditors of Petters and his now defunct companies, including the United States. On the other hand is the Defendant, the College of St. Benedict (the “College”), a small liberal-arts college in St. Joseph, Minnesota, that received $2 million in donations from Petters and…
2Cases cited30 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Javitch v. First Union Securities, Inc.Court of Appeals for the First Circuit · 2003
- moses.com Securities, Inc. v. Comprehensive Software Systems, Inc. William W. Simpson Southwest Securities, Inc. David Glatstein David ZeleniakCourt of Appeals for the Eighth Circuit · 2005
- Scholes v. LehmannCourt of Appeals for the Seventh Circuit · 1995
25 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- United States v. Jo Anna BameCourt of Appeals for the Eighth Circuit · 2013
- In re Petters Co.United States Bankruptcy Court, D. Minnesota · 2013
- United States v. SchippersDistrict Court, S.D. Iowa · 2013
- Kelly v. BMO Harris Bank N.A. (In re Peters Co.)United States Bankruptcy Court, D. Minnesota · 2017
- Kelley v. Bmo Harris Bank N.A. (In re Petters Co.)United States Bankruptcy Court, D. Minnesota · 2019
5 more not listed; retrieve them via the Exa API.