Judge Delays Polaroid Suits
December 2008According to the Minneapolis Star Tribune, plaintiffs LG and Zenith are seeking to sue Polaroid as part of a patent dispute involving flat-screen televisions. Polaroid is owned by Petters Group Worldwide, whose founder and former CEO, Tom Petters, has been indicted on 20 counts of fraud, conspiracy, money-laundering and other charges.
Judge Ann Montgomery denied the request from LG, Zenith and a third defendant, the hedge fund Acorn Capital Group, to lift a court-mandated freeze on civil actions related to Petters. The judge, according to the paper, determined that it is too early in the investigation to lift the freeze.
