Reported Earlier, BMO Secures C$875M After Court Overturns Petters Ponzi Scheme Judgment
Portfolio Pulse from Benzinga Newsdesk
BMO has secured C$875 million after a court overturned a previous judgment related to the Petters Ponzi scheme. This development is significant for BMO as it recovers a substantial amount of money.
September 13, 2024 | 7:24 am
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BMO has successfully secured C$875 million following a court's decision to overturn a judgment related to the Petters Ponzi scheme. This recovery is a positive financial development for the bank.
The court's decision to overturn the judgment allows BMO to recover C$875 million, which is a significant financial gain. This recovery improves BMO's financial position and is likely to have a positive impact on its stock price in the short term.
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