Briggs Attorneys Discuss Ponzi Scheme Presumption and Valuation

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May 4, 2011

MINNEAPOLIS, MINN. (May 4, 2011) - Briggs and Morgan attorneys John R. McDonald and Marcus A. Ploeger discuss the Ponzi scheme presumption and provide valuation-related insights for defendants faced with clawback claims in their article, “Bankruptcy Clawbacks: The Ponzi Scheme Presumption and Valuation” which appears in the spring edition of Insights, a quarterly publication of Willamette Management Associates, a national business valuation firm. View the full article here.

McDonald is a shareholder and member of the firm’s Financial Institutions and Real Estate Section and chairs the Bankruptcy and Finance Restructuring practice group. He has extensive experience with bankruptcy and creditors’ rights and has represented numerous parties in large Chapter 11 bankruptcies including secured and unsecured creditors, real estate lessors, trustees and boards of directors. He is currently defending several lenders in clawback actions in bankruptcy and federal receivership cases as a result of the fraud scheme of Thomas Petters. Prior to joining Briggs in 2006, McDonald spent nearly 20 years working for a national law firm in Minneapolis.

Ploeger is an associate and member of Briggs and Morgan’s Financial Institutions and Real Estate, and Bankruptcy and Financial Restructuring sections. He received his B.S. in accounting magna cum laude from the University of Denver and his J.D. cum laude from William Mitchell College of Law. While in law school, he served as a staff member for the William Mitchell Law Review and was published in the College’s legal research text, The Process of Legal Research. Ploeger joined Briggs in 2009.

Briggs and Morgan, Professional Association, is a trusted name in business law and litigation services. With offices in Minneapolis and St. Paul, Minnesota, the firm has more than 185 attorneys committed to providing superior client service and sound legal counsel to clients nationwide. Briggs and Morgan ranks among The NLJ 250 as one of the nation's largest firms and has received numerous accolades, including recognition by Corporate Counsel and top clients as a "Go-To Law Firm®" in the areas litigation, corporate transactions, corporate governance, and labor and employment. The firm and its attorneys also have been selected for publication in The Best Lawyers in America and Chambers USA. Briggs is a founding member of Lex Mundi, the world's leading association of independent law firms, and serves as the exclusive member firm for Minnesota. For more information, visit www.briggs.com.