Legal Opinion
Ritchie Capital Management, L.L.C. v. General Electric Capital Corp.
District Court, S.D. New York
Decided August 4, 2015No. 14 Civ. 8623(PAE)PublishedCited by 24 opinions
1Opinion of the Court
OPINION. & ORDER
PAUL A. ENGELMAYER, District Judge.
Between 1998 and 2001, defendant General Electric Capital Corporation (“GECC”) had a lending relationship with two entities affiliated with Minnesota businessman Thomas Petters. In 2008, Ritchie Capital Management, LLC and the other five plaintiffs1 (collectively, “Ritchie”) also invested with Petters. In fall 2008, law enforcement officials- discovered that Petters was operating a Ponzi scheme. In 2009, Petters was convicted of fraud for operating a $3.65 billion Ponzi scheme, and was sentenced to, inter alia, a term of 50 years’…
2Cases cited57 opinions
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- Arista Records, LLC v. Doe 3Court of Appeals for the Second Circuit · 2010
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Lerner v. Fleet Bank, N.A.Court of Appeals for the Second Circuit · 2006
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3Cited by24 opinions
- Ritchie Capital Management, L.L.C. v. General Electric Capital Corp.Court of Appeals for the Second Circuit · 2016
- Greenpond South, LLC v. General Electric Capital Corp.Court of Appeals of Minnesota · 2016
- Overton v. Art Finance Partners LLCDistrict Court, S.D. New York · 2016
- Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In re Madoff)United States Bankruptcy Court, S.D. New York · 2016
- A & G Goldman Partnership v. Capital Growth Co. (In re Bernard L. Madoff Investment Securities LLC)District Court, S.D. New York · 2017
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