Thursday, March 4, 2010

Judge Moves Ritchie Capital's Lawsuit to Minnesota

John Welbes in the PiPress:

A Chicago investment fund's federal lawsuit against former executives from Petters Group Worldwide can proceed, though the case will move from Chicago to the Twin Cities.

U.S. District Court Judge John Darrah made those decisions today. His written ruling said the case's "strong connection" to Minnesota weighed heavily in favor of a transfer. He also wrote that the transfer to Minnesota — which the defendants requested — will "promote more efficient, unified discovery."

The defendants in the civil lawsuit — former Polaroid CEO Mary Jeffries and Camille Chee-Awai, who led another business unit at Petters Group Worldwide — had asked Darrah to dismiss the case. He denied that motion.