On June 11, 2013, Southern District of New York Judge Jed Rakoff dismissed the complaint of the Trustee for the SemGroup estate seeking to avoid a novation made to Barclays pre-bankruptcy under a swap agreement. The Court...more
- Barclays Chapter 11 Novation Safe Harbors Swap Agreements Swaps Trustees
The United States Court of Appeals for the Second Circuit held, on June 10, 2013, that payments made by a company to purchase notes issued by an affiliate were transfers made in connection with a “securities contract,” and...more
- Commercial Loans Exemptions Preferential Transfers Purchase Agreement Securities Trustees
In November 2008, Circuit City filed for bankruptcy protection. Circuit City had the same business model as Best Buy: selling electronic equipment in large retail stores. Other retailers with that business model are...more
- Best Buy Circuit City Debtor-Creditor Electronics Insolvency Retail Market
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