Minneapolis Star Tribune – A federal judge Friday froze a $14 million settlement between the bankruptcy estate of convicted businessman Tom Petters and the remnants of a Connecticut-based hedge fund once managed by a major participant in the Petters-run Ponzi scheme.
U.S. District Judge Ann Montgomery gave attorneys for the U.S. Securities and Exchange Commission, which sought the freeze, and attorneys for the hedge fund and other interested parties until April 14 to explain the settlement and how the money would be split.
