Legal Opinion

John Stoebner v. Opportunity Finance, LLC

Court of Appeals for the Eighth Circuit

Decided November 20, 2018No. 17-1097PublishedCited by 32 opinions

1Opinion of the Court

LOKEN, Circuit Judge.

For many years prior to September 2008, Minnesota businessman Thomas Petters, through his company Petters Company, Inc. ("PCI"), "purported to run a 'diverting' business that purchased electronics in bulk and resold them at high profits to major retailers." Ritchie Capital Mgmt., LLC v. Stoebner , 779 F.3d 857 , 859 (8th Cir. 2015). Investors, deceived by fabricated purchase orders, provided PCI financing to acquire merchandise for resale. Ritchie Special Credit Invs., Ltd. v. U.S. Tr. , 620 F.3d 847 , 850 (8th Cir. 2010).

*222 In fact, PCI did not purchase merchandise and…

2Cases cited15 opinions

Ashcroft v. IqbalSupreme Court of the United States · 2009
Pure Country, Inc., Doing Business as Pure Country Weavers v. Sigma Chi Fraternity Sigma Chi CorporationCourt of Appeals for the Eighth Circuit · 2002
United States Ex Rel. Roop v. Hypoguard USA, Inc.Court of Appeals for the Eighth Circuit · 2009
United States Ex Rel. Raynor v. National Rural Utilities Cooperative Finance, Corp.Court of Appeals for the Eighth Circuit · 2012
In Re: John Samuel Marlar, Debtor. Renee S. Williams, Trustee v. John Samuel MarlarCourt of Appeals for the Eighth Circuit · 2001

10 more not listed; retrieve them via the Exa API.

3Cited by32 opinions

Life Partners Creditors' Trust v. Cowley (In Re Life Partners Holdings, Inc.)Court of Appeals for the Fifth Circuit · 2019
Foisie v. Worcester Polytechnic Inst.Court of Appeals for the First Circuit · 2020
Yann Geron, Chapter 7 Tr., Direct Access Partners, LLC v. Craig (In re Direct Access Partners, LLC)United States Bankruptcy Court, S.D. New York · 2019
Douglas A. Kelley v. Gus BoosalisCourt of Appeals for the Eighth Circuit · 2020
Douglas Kelley v. Safe Harbor Managed Acct. 101Court of Appeals for the Eighth Circuit · 2022

27 more not listed; retrieve them via the Exa API.