- Acumen Powered by Robins Kaplan LLP®
- American Indian Law and Policy
- Antitrust and Trade Regulation
- Appellate Advocacy and Guidance
- Business Litigation
- Civil Rights and Police Misconduct
- Class Action Litigation
- Corporate Governance and Special Situations
- Corporate Restructuring and Bankruptcy
- Domestic and International Arbitration
- Entertainment and Media Litigation
- Health Care Litigation
- Insurance and Catastrophic Loss
- Intellectual Property and Technology Litigation
- Mass Tort Attorneys
- Medical Malpractice Attorneys
- Personal Injury Attorneys
- Telecommunications Litigation and Arbitration
- Wealth Planning, Administration, and Fiduciary Disputes
Acumen Powered by Robins Kaplan LLP®
Ediscovery, Applied Science and Economics, and Litigation Support Solutions
-
June 17, 2024Emily Tremblay Named IP Rising Star by Euromoney in 2024 Women in Business Law Awards
-
June 17, 2024Three Robins Kaplan Partners Named BTI Client Service All-Stars
-
June 13, 2024Brendan Johnson Named South Dakota Trial Lawyer of The Year
-
June 27, 2024Sex Abuse Litigation
-
June 10-11, 20242024 Probate and Trust Law Section Conference
-
June 11, 2024FBA 2024 Federal Practice Seminar
-
June 2024Robins Kaplan Secures Landmark $7.75 Million Verdict in Aerosol Duster Misuse Case
-
June 2024To Seize or Not to Seize: Campus Protests and Police Uses of Force
-
June 2024Communicating Your Estate Plan: A Helpful Tool, Not a Fix-All
-
September 16, 2022Uber Company Systems Compromised by Widespread Cyber Hack
-
September 15, 2022US Averts Rail Workers Strike With Last-Minute Tentative Deal
-
September 14, 2022Hotter-Than-Expected August Inflation Prompts Massive Wall Street Selloff
Find additional firm contact information for press inquiries.
Find resources to help navigate legal and business complexities.
Read our attorneys' take on the latest news and trends in the legal and business industries.
Lying, Cheating, and Stealing Seminar 2023
Secrets and Solutions for Handling Messy Business Disputes
October 4, 2023
Related Professionals
Michael A. Collyard
Partner
Member of Executive Board
Chair, Banking and Financial Fraud Litigation
Chair, Ediscovery Group
On Wednesday, October 4, Michael Collyard presented at the Anthony Ostlund Louwagie Dressen & Boylan P.A.’s 2023 Lying, Cheating, and Stealing Seminar on a session titled, “Criminals, Bankers, and Document Destruction: The Aiding and Abetting that Led To a $1 Billion Dollar Judgment and the Biggest Jury Verdict in Minnesota History.”
In November 2022, a federal jury found BMO Harris Bank liable for $564 million for aiding and abetting breach of fiduciary duty in connection with the Petters Ponzi scheme. With pre- and post-judgment interest, the judgment against BMO is over $1 billion. The jury heard evidence that Petters’ bank ignored clear red flags of his lying, cheating, and stealing, yet continued to enable his Ponzi scheme, and later destroyed documents to cover the bank’s tracks. This presentation used Kelley v. BMO Harris Bank, N.A. as a framework to discuss bringing aiding and abetting claims to trial, including lessons learned from the case.
In November 2022, a federal jury found BMO Harris Bank liable for $564 million for aiding and abetting breach of fiduciary duty in connection with the Petters Ponzi scheme. With pre- and post-judgment interest, the judgment against BMO is over $1 billion. The jury heard evidence that Petters’ bank ignored clear red flags of his lying, cheating, and stealing, yet continued to enable his Ponzi scheme, and later destroyed documents to cover the bank’s tracks. This presentation used Kelley v. BMO Harris Bank, N.A. as a framework to discuss bringing aiding and abetting claims to trial, including lessons learned from the case.
Michael Collyard - Lying, Cheating, and Stealing Seminar 2023
Learn More
Related Publications
March 14, 2024
How Many Cases Have You Tried to a Verdict?
Gabriel Berg, Lauren Coppola - New York Law Journal
November 27, 2023
A New Era of Copyright Litigation in Hollywood
Patrick Arenz, Michael Geibelson - IPWatchdog
August 2023
August 2023
Minnesota Passes Survivorship Bill, Expanding Justice for Victims of Medical Malpractice and Wrongful Death
The Robins Kaplan Quarterly
March 2023
Achieving the Largest Jury Verdict in Minnesota History
The Robins Kaplan Quarterly
Related News
Any information that you send us in an e-mail message should not be confidential or otherwise privileged information. Sending us an e-mail message will not make you a client of Robins Kaplan LLP. We do not accept representation until we have had an opportunity to evaluate your matter, including but not limited to an ethical evaluation of whether we are in a conflict position to represent you. Accordingly, the information you provide to us in an e-mail should not be information for which you would have an expectation of confidentiality.
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.