Patrick FINN and Lighthouse Management Group, Inc., Appellants/Cross-Respondents,
v.
ALLIANCE BANK, Respondent/Cross-Appellant,
Home Federal Bank, Respondent/Cross-Appellant,
KleinBank, Respondent/Cross-Appellant,
Merchant's Bank, Respondent/Cross-Appellant,
M & I Marshall & Ilsley Bank, Respondent/Cross-Appellant,
American Bank of St. Paul et al., Defendants.
Supreme Court of Minnesota.https://leagle.com/images/logo.png
February 18, 2015.
February 18, 2015.
Attorney(s) appearing for the Case
Larry B. Ricke , Karl E. Robinson , Sweeney & Masterson, P.A., Saint Paul, MN, and William M. Hart , Meagher & Geer, P.L.L.P., Minneapolis, MN, for appellants/cross-respondents Patrick Finn and Lighthouse Management Group, Inc.
Christopher R. Morris , Bassford Remele, P.A., Minneapolis, MN, for respondent Alliance Bank.
Richard T. Thomson , Lapp, Libra, Thomson, Stoebner & Pusch, Chartered, and Kevin D. Hofman , Halleland Habicht P.A., Minneapolis, MN, for amici curiae City National Bank et al.
Paul L. Ratelle , Fabyanske Westra Hart & Thomson, Minneapolis, MN, and Karen E. Wagner , Andrew S. Gehring , Davis Polk & Wardwell LLP, New York, NY, attorneys for amicus curiae The Clearing House Association L.L.C.
Steven E. Wolter , Kelley & Wolter & Scott, P.A., Minneapolis, MN, and Connie A. Lahn , David E. Runck , Fafinski Mark & Johnson, P.A., Eden Prairie, MN, attorneys for amici curiae Douglas A. Kelley , as Chapter 11 Trustee and the Official Committee of Unsecured Creditors of Petters Company, Inc. and Petters Group Worldwide, LLC.
OPINION
STRAS, Justice.
This case requires us to decide two questions of first impression under Minnesota's Uniform Fraudulent Transfer Act ("MUFTA"), Minn.Stat. §§ 513.41-.51 (2014). The first question is whether the so-called "Ponzi-scheme presumption," adopted by a number of federal...
Let's get started
Welcome to the leading source of independent legal reporting Sign on now to see your case. Or view more than 10 million decisions and orders.
Updated daily.
Uncompromising quality.
Complete, Accurate, Current.
Listed below are the cases that are cited in this Featured Case. Click the citation to see the full
text of the cited case. Citations are also linked in the body of the Featured Case.
Cited Cases
No Cases Found
Listed below are those cases in which this Featured Case is cited. Click on the case name to see the
full text of the citing case.