Tag: Tom Petters

The Star Tribune is reporting that Tom Petters wants his case moved to another state, possibly Wisconsin or Iowa due to the overwhelming negative coverage in the local media. His attorneys blame the Star Tribune, blogs, and the public for

Here is an excerpt from the story and the memo Petters lawyers submitted to the Federal Court asking for the case to be moved:

“Mr. Petters became a punching bag swinging to and fro; before his first counter, the first cross-examination, the fight was over,” his attorneys said. “The coverage was everywhere, a virus, and media interest remained intense.”

The coverage has spawned “inflammatory, outrageous” commentaries by columnists, bloggers and the public, the lawyers said. They cite the comments submitted by readers on articles posted on StarTribune.com, as well as columns by Star Tribune columnist James Lileks and editor Nancy Barnes, as indicators that Petters cannot get a fair trial in Minnesota.

Petters motion has prompted the US Attorney’s office to indicate they will respond at a later date.

To read the Star Tribune article, follow this link:

Tom Petters wants trial moved to another state. His lawyers say publicity and government misbehavior taint the case in Minnesota. He also seeks fewer jail restrictions.

Stay tuned to Wayzata.com for all the latest Petters info.

The Star Tribune is reporting that the many law firms involved in the Petters case have submitted bills for over $1.6 million for the months of December and January. That is on top of the $1 million that was billed for October and November. In all, there are 17 law firms that are scrambling for a piece of the pie in the civil and criminal cases being levied against Wayzata resident Tom Petters.

To read the full article, follow this link: Lawyers’ fees top $1.6 million for two months of Petters case

The Star Tribune is reporting that a Federal judges has given the all clear for the auction and sale of the Polaroid group, one of the few remaining assets of Wayzata business man Tom Petters holdings that has substantive value. The minimum bidding will begin at $42 million.

That price tage represents about 1/10th of what Petters originally paid for the business in 2005. Bids are due on March 26th, with the auction to be conducted on March 30th. To read the full story from the Strib, follow this link: Petters’ Polaroid gets the OK to be put up for sale

Stay tuned to Wayzata.com for all the latest Tom Petters news and information.