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IN RE PETTERS COMPANY, INC.

No. 11-6013.

In re Petters Company, Inc.; Petters Group Worldwide, LLC; PC Funding, LLC; Thousand Lakes, LLC; SPF Funding, LLC; PL Ltd, Inc.; Edge One LLC; MGC Finance, Inc.; PAC Funding, LLC; Palm Beach Finance Holdings, Inc., Debtors. Interlachen Harriet Investments Ltd., Objector-Appellant, v. Douglas Arthur Kelley, as Chapter 11 Trustee for Petters Company, Inc., Petters Group Worldwide, LLC, and PAC Funding, LLC and as Court Appointed Receiver for Thomas Petters, Inc. and Petters Aircraft Leasing, LLC; John R. Stoebner, as Chapter 7 trustee of the Jointly Administered Bankruptcy Cases Captioned In re: Polaroid Corp., et al., Case No. 08-46617; Petters Aviation, LLC; Elite Landings, LLC; Asset Based Resource Group, LLC, Movants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: August 19, 2011.

VENTERS, Bankruptcy Judge.

Interlachen Harriet Investments Ltd., appeals the bankruptcy court's approval of a multi-million dollar, global settlement ("Settlement") in one of the largest Ponzi scheme bankruptcies in American history.1 The Settlement has been substantially consummated, and the appeal has been rendered largely moot. Nevertheless, to the extent relief could be fashioned at this juncture, no such relief is warranted. The bankruptcy...

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