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IN RE ARROWHEAD CAPITAL MGMT. LLC CLASS LITIGATION

No. 09-CV-1736 (JMR/FLN).

712 F.Supp.2d 924 (2010)

In re ARROWHEAD CAPITAL MANAGEMENT LLC CLASS LITIGATION.

United States District Court, D. Minnesota.

May 17, 2010.

Attorney(s) appearing for the Case

Andrew N. Friedman , Cohen Milstein Sellers & Toll PLLC, Washington, DC, Gregg M. Fishbein , Karen Hanson Riebel , Richard A. Lockridge , Lockridge Grindal Nauen PLLP, Minneapolis, MN, Lee S. Shalov , Thomas G. Ciarlone, Jr. , Shalov Stone Bonner & Rocco LLP, New York, NY, for Plaintiffs.

Mark G. Schroeder , Richard G. Mark , Briggs & Morgan, PA, Michelle S. Grant , William Michael, Jr. , Dorsey & Whitney LLP, Lawrence M. Shapiro , Mark L. Johnson , Greene Espel, PLLP, Minneapolis, MN, Kenneth M. Katz , Sarah Loomis Cave , William R. Maguire , Hughes Hubbard & Reed LLP, New York, NY, for Defendants.

ORDER

JAMES M. ROSENBAUM, District Judge.

This lawsuit is one of many arising from the collapse of Tom Petters' $3 billion Ponzi scheme. Each defendant, separately, moves to dismiss plaintiffs' putative class action complaint. The motions to dismiss are granted.

Plaintiffs purchased shares in an investment fund. The fund, in turn, invested in a number of Petters-affiliated entities. When, in September 2008, Petters' house of cards collapsed, plaintiffs...

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