On July 25, 2023, the U.S. Court of Appeals for the Fifth Circuit affirmed a bankruptcy court’s approval of a break-up fee and expense reimbursement owed to a debtor’s prior lender, after the lender was not the winning bidder...more
On December 15, 2022, the U.S. Court of Appeals for the Fifth Circuit reversed the pleading-stage dismissal, as time-barred, of a case against Bank of New York Mellon by defrauded investors in the Allen Stanford Ponzi scheme....more
1/18/2023
/ Appeals ,
Breach of Duty ,
Discovery Rule ,
Dismissals ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
Fraud ,
New Jersey ,
Pleadings ,
Ponzi Scheme ,
Securities and Exchange Commission (SEC) ,
Statute of Limitations
On March 26, 2019, the First Circuit Court of Appeals, affirming a decision by the District Court emanating out of the Puerto Rico Title III bankruptcy cases, found that Sections 928(a) and 922(d) of the Bankruptcy Code...more
4/2/2019
/ Appeals ,
Article III ,
Bankruptcy Code ,
Chapter 9 ,
Liens ,
Municipal Bankruptcy ,
Municipal Bonds ,
Popular ,
Puerto Rico ,
Secured Debt ,
Tax Revenues ,
Tolls