DISCLAIMER: The following unofficial case summaries are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
161968P.pdf 08/17/2017 Ritchie Capital Management LLC v. BMO Harris Bank, N.A.
U.S. Court of Appeals Case No: 16-1968
U.S. District Court for the District of Minnesota - Minneapolis
[PUBLISHED] [Colloton, Author, with Loken and Kelly, Circuit Judges]
Civil case - Fraud. In action alleging fraud in connection with the Thomas
Petters Ponzi scheme, the district court did not err in abstaining based
on its conclusion that the action was duplicative of those ongoing in
pending bankruptcy proceedings; while the district court was within its
discretion to abstain, it should have stayed the claims rather than
dismiss them as the two cases were not identical actions involving
identical parties.