A case spawned by the nearly $4 billion Tom Petters Ponzi scheme is gearing up for a bankruptcy court trial in West Palm Beach.
Judge Paul Hyman Jr. of the U.S. Bankruptcy Court for the Southern District of Florida denied motions for summary judgment from both sides last week in Barry Mukamal’s lawsuit against General Electric Capital Corp. Mukamal, a trustee for the Palm Beach Finance Liquidating Trusts, has alleged that GE Capital knew about the scheme and kept it quiet in order to recover its own funds. The dispute is over $651 million Mukamal alleges the scheme cost the trusts.
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