Petters Group

Steve Stevanovich v. Barrington Capital Group Ltd.: Appeal Judgment

March 7, 2022

Judgment Dismissing Appeal in Steven Goran Stevanovich v. Marcus Wide and Mark McDonald, as Joint Liquidators of Barrington Capital Group Limited (in Liquidation), at the British Virgin Islands Court of Appeal.

Ritchie Capital Management LLC et al v. Lancelot Investors Fund Ltd. et al: Writ of Summons

May 21, 2019

Writ of Summons in Ritchie Capital Management LLC, Ritchie Capital Management SEZC Ltd., Ritchie RML Trading Ltd., Ritchie Special Credit Investments Ltd., Rhone Holdings II Ltd., Ritchie Structured Multi-Manager Ltd., and Yorkville Investments I LLC v. Lancelot Investors Fund Ltd. (in Official Liquidation) and General Electric Company at the Grand Court of the Cayman Islands.

PCI Liquidating Trust v. Geoff Varga et al: Complaint

May 9, 2018

Complaint in Douglas A. Kelley, in his capacity as the Trustee of the PCI Liquidating Trust, v. Greenpound South, LLC, Stonehill Master Fund Ltd., PB Offshore Holdings Ltd., Michael Lenard Stern, and Geoffrey Varga at the U. S. Bankruptcy Court for the District of Minnesota.

Reservoir Capital Master Fund II L.P. et al v. Rhone Holdings, L.P.: Winding Up Petition

July 22, 2015

Winding Up Petition in Reservoir Capital Master Fund II L.P., Reservoir Capital Master Fund, L.P., Reservoir Capital Investment Partners, L.P., and Reservoir Capital Partners, L.P. v. Rhone Holdings, L.P. at the Grand Court of the Cayman Islands.

Isla Acquisition, LLC v. Ark Discovery (Offshore) Fund Ltd. et al: Originating Application

February 11, 2015

Originating Application in Isla Acquisition, LLC v. Ark Discovery (Offshore) Fund Ltd., Mark McDonald and Hugh Dickson, as joint liquidators of Ark Discovery (Offshore) Fund Ltd., at the British Virgin Islands High Court.

Palm Beach Offshore Ltd.: Reasons

November 25, 2014

Reasons In the Matter of Palm Beach Offshore Ltd. at the Grand Court of the Cayman Islands.

Petters Company Inc. et al v. BVI Registrar of Corporate Affairs: Originating Application

April 16, 2013

Originating Application in Douglas A. Kelley, As Chapter 11 Trustee for Petters Company Inc et al, v. British Virgin Islands Registrar of Corporate Affairs at the British Virgin Islands High Court.

SEC v. Arrowhead Capital Management LLC et al: Complaint

November 9, 2011

Complaint in U. S. Securities and Exchange Commission v. Arrowhead Capital Management LLC, James N. Fry, and Michelle W. Palm at the U. S. District Court for the District of Minnesota.

Paul Mouttet v. Talisman Capital Alternative Investments Fund Ltd. et al: Third-Party Complaint

November 2, 2011

Amended Counterclaim and Third-Party Complaint in Paul Mouttet v. Talisman Capital Alternative Investments Fund Ltd., Epsilon Global Master Fund LP, Epsilon Global Master Fund LP II, Epsilon Global Asset Management Ltd., Epsilon Investment Management LLC, Capital Strategies Fund Ltd., Westford Asset Management LLC, Westford Special Situations Master Fund LP, and Steve Stevanovich at the U. S. District Court for the Southern District of Florida.

Butterfield Bank in Cayman and Guernsey sued by Trustee of failed offshore fund

March 24, 2011

The Cayman Islands and Guernsey operations of Butterfield Bank are being sued for $561,863 by the Bankruptcy Trustee of a Cayman Islands domiciled hedge fund.The complaint was filed at the U. S. Bankruptcy Court for the Northern District of Illinois

Palm Beach Offshore investors file class action against Cayman providers

July 19, 2010

Two offshore service providers in the Cayman Islands are defendants in a class action complaint that has been filed at federal court in Miami on behalf of investors in a Cayman domiciled hedge fund. The complaint was filed at the

BVI hedge fund sues Meridian Fund Services and Ernst & Young (Bda)

May 12, 2010

Bermuda based fund administrator Meridian Fund Services and accounting firm Ernst & Young (Bermuda) are among the defendants in a civil complaint filed by a British Virgin Islands domiciled hedge fund that claims to have lost $2 million in a

McGladrey & Pullen (Cayman) sued for $1.5B by hedge fund investors

January 12, 2010

The Bankruptcy Trustee of two hedge fund groups that allegedly lost $1.5 billion due to fraud is suing auditor McGladrey & Pullen (Cayman) and related parties.Ronald R. Peterson, as Chapter 7 Bankruptcy Trustee for Lancelot Investors Fund LP, Lancelot Investors

Ernst & Young’s Bermuda and Bahamas firms pursued at US federal court over Petters fraud

January 12, 2010

Two more offshore related civil actions regarding an alleged multi billion fraud by the Minnesota based Petters Group, including one in which Ernst & Young's Bermuda and Bahamas operations are defendants, made their way to federal court in the United

McGladrey & Pullen (Cayman) sued again over failed Lancelot Investors Fund

June 14, 2009

A second civil complaint in less than three months has been filed against Cayman Islands based auditor McGladrey & Pullen regarding a failed offshore hedge fund.The latest complaint is a class action that was filed at the U. S. District

McGladrey & Pullen (Cayman) sued for $109 million by hedge fund investors

April 7, 2009

Cayman Islands based auditor McGladrey & Pullen is being sued for $109 million by investors in a failed offshore hedge fund. Details are contained in a complaint that was filed at the Circuit Court of Cook County, Illinois on March

Petters Group-related class action complaint filed against Ernst & Young (Bermuda)

March 12, 2009

A class action complaint has been filed against Ernst & Young (Bermuda) in the United States on behalf of investors in a hedge fund for which it was the auditor.The action was filed at the U. S. District Court for

Cayman funds sued over rights to pursue $1 billion bankruptcy claim

December 8, 2008

Two US investment funds have sued two Cayman Islands based affiliates and their offshore liquidator over rights to pursue a $1.05 billion claim in the bankruptcy of Minnesota based investment firm Petters Group Worldwide, which has been criminally indicted for