Minnesota Lawyer Secures Record-Breaking $564 Million Verdict by Uncovering Destroyed Evidence in Historic Ponzi Scheme Case
MINNEAPOLIS, MINNESOTA – In a groundbreaking verdict, Michael Collyard ’00, a partner at Robins Kaplan, won a jury trial that resulted in a record-setting $564 million judgment. The case centered around Tom Petters’ massive Ponzi scheme, which was one of the largest financial scams in U.S. history and the largest in Minnesota. Collyard strategically focused on the absence of millions of destroyed documents as evidence, ultimately leading to his victory. Collyard served as the lead trial counsel, and in November 2022, a federal jury ordered BMO Harris Bank to pay bankruptcy trustee Douglas Kelley a … Read more