Recent Case Affects Claims & Distributions in Federal Equity Receiverships

The 7th Circuit case of U.S. Commodity Futures Trading Commission v. Lake Shore Asset Management addresses two key aspects of federal equity receiverships: (1) allowance of late claims, and (2) priority in distributions between investors and creditors.

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Published In: Bankruptcy Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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