7th Circuit Won’t Rethink Whether Investors Are Priority For Ponzi Liquidation

(June 11, 2024, 3:04 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals denied a private lender’s petition for rehearing en banc, declining to consider a panel opinion upholding an Illinois federal judge’s decision to award priority to individual investors over the lender to receive proceeds from the liquidation of assets related to a Ponzi scheme....