United States Court of Appeals for the Second Circuit clarifies limits on the standing of a SIPA (or bankruptcy) trustee to bring common law claims against third parties

On June 20, 2013, a three-member panel of the United States Court of Appeals for the Second Circuit issued an important decision that significantly curtails the authority of Irving Picard, as Trustee for the liquidation of Bernard L.

Filed under:
USA, Insolvency & Restructuring, Litigation, Gibson Dunn & Crutcher LLP, Standing (law), Securities Investor Protection Corporation, Trustee, Second Circuit
Authors:
Gabriel Herrmann , Marshall R. King , Keith R. Martorana
Location:
USA
Firm:
Gibson Dunn & Crutcher LLP