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212973P.pdf 06/09/2023 United States v. Ritchie Capital Management, L.L.C.
U.S. Court of Appeals Case No: 21-2973
U.S. District Court for the District of Minnesota
[PUBLISHED] [Benton, Author, with Smith, Chief Judge, and Colloton,
Circuit Judge]
Civil case - Receiverships. In this long-running litigation arising out of
Thomas Petter's billion-dollar Ponzi scheme, Ritchie sought recovery of
its losses outside the receivership; however, the district court did not
err in determining Ritchie's claims are barred by settlement agreements
and a previous bar order in the case; Ritchie waived his ability to claim
the district court abused its discretion by approving the final accounting
of the receivership as he stipulated to a 2019 settlement in which he
agreed not to take any action in the receivership; the district court did
not abuse its discretion in accepting the final accounting.