Case Name
Pearson v. Deutsche Bank AG (Slip Copy)
Case Summary
The district court found that the “in pari delicto” defense is available to defendants in Chapter 15 cases against those entities that actively participated in a Ponzi scheme in an action brought by 13 Cayman Islands companies liquidators as foreign representatives. Regardless of the absence of an analogous section 541 under Chapter 15 proceedings, Florida law governs what defenses are available against the Liquidator’s claims.
Filing Date
Bankruptcy Code
Circuit
Judge
Beth Bloom
Location
Contributor(s)