Legal Opinion
Varga v. U.S. Bank National Ass'n
District Court, D. Minnesota
Decided July 2, 2013No. Civ. No. 12-3180 (RHK/JJK)PublishedCited by 10 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
RICHARD H. KYLE, District Judge.
INTRODUCTION
When Tom Petters’s Ponzi scheme collapsed in 2008, hundreds of investors— from retirees to hedge funds- — -lost nearly everything. Two such “losers” were the Cayman Islands-based hedge funds Palm Beach Offshore, Ltd. and Palm Beach Offshore II, Ltd. (together, the “Palm Beach Funds” or the “Funds”), which lost over $700 million. Plaintiff Geoffrey Varga is the Funds’ court-appointed liquidator. He commenced this action in December 2012 against U.S. Bank National Association (“U.S. Bank”), asserting claims of negligence…
2Cases cited25 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Lerner v. Fleet Bank, N.A.Court of Appeals for the Second Circuit · 2006
- 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
20 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- R.J. Zayed v. Associated Bank, N.A.Court of Appeals for the Eighth Circuit · 2019
- Mukamal v. General Electric Capital Corp. (In re Palm Beach Finance Partners, L.P.)United States Bankruptcy Court, S.D. Florida. · 2013
- Kelly v. BMO Harris Bank N.A. (In re Peters Co.)United States Bankruptcy Court, D. Minnesota · 2017
- Abrams v. McGuirewoods, LLPDistrict Court, N.D. Indiana · 2014
- Lusk v. Life Time Fitness, Inc.District Court, D. Minnesota · 2016
5 more not listed; retrieve them via the Exa API.