Bankruptcy Court for the Southern District of New York creates conflict with Third Circuit by holding safe harbor inapplicable to private securities transactions, even absent illegal conduct

Date

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Location
USA
Authors
Nicholas J. Brannick
Stephen D. Lerner
Jeffrey A. Marks
Firm
Squire Patton Boggs
Tags
USA
New York
Corporate Finance/M&A
Insolvency & Restructuring
Litigation
Squire Patton Boggs
Debtor
Security (finance)
Fraud
Safe harbor (law)
Commodity broker
Secured loan
Pro rata
Title 11 of the US Code
Small Business Administration (USA)
United States bankruptcy court
Third Circuit
US District Court for SDNY
Trustee