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Ponzi Scheme Jury Verdicts

King & Spalding

Eighth Circuit Voids $564 Million Jury Verdict, Finding Bank Was Entitled to Raise Equitable Defense Against Bankruptcy Trustee

King & Spalding on

On September 12, 2024, the U.S. Court of Appeals for the Eighth Circuit nixed a $563 million jury verdict against BMO Harris Bank involving claims that the bank aided and abetted a multibillion-dollar Ponzi scheme, ruling...more

Robins Kaplan LLP

Achieving the Largest Jury Verdict in Minnesota History - Q&A With Michael Collyard

Robins Kaplan LLP on

In November 2022, following a four-week trial, a Minnesota jury awarded approximately $564 million in damages to Robins Kaplan client Douglas A. Kelley in his capacity as trustee for the BMO Litigation Trust. It is the...more

Dorsey & Whitney LLP

This Week In Securities Litigation

Dorsey & Whitney LLP on

The Commission responded to critics of its administrative proceedings this week, proposing changes to the Rules of Practice which govern them. If adopted the new rules would modify the time period within which the actions...more

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