Showing 1 post from January 2015.
January 21, 2015
Sixth Circuit Rules that In Pari Delicto May Not Bar Trustee’s Conversion Claim
From Ponzi schemes to fraudulent transfers, many Chapter 7 bankruptcy cases involve allegations of wrongdoing. Bankruptcy trustees, who stand in the shoes of the bankrupt entity in asserting claims, often bring actions against third parties alleging participation in, and orchestration of, fraudulent schemes. Because the alleged wrongdoing many times involves actions or transactions in which the debtor took part, defendants in such lawsuits frequently raise a defense based on the doctrine of in pari delicto. Read More ›
Categories: 6th Circuit Court of Appeals, Chapter 7, Western District of Michigan
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