Peterson v. McGladrey & Pullen LLP
Apr
03
2012
Ruling
Dismissal of trustee's proceeding on behalf of debtor mutual funds against auditor for failure to discover Ponzi scheme vacated.
Procedural posture
Appellant, a trustee of a group of mutual funds that entered bankruptcy, appealed the judgment of the district court for the northern district of Illinois that dismissed an action against appellees, the funds' auditor and some affiliated entities, that contended the auditor was negligent in failing to discover that the funds invested in businesses that were involved in a Ponzi scheme.
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Court
:
Judge or Jurisdiction information not available