Supreme Court hears arguments on Chapter 12 bankruptcy, insider trading

Former U.S. Attorney Preet Bharara on insider trading Nestled among several potential blockbuster cases in the court’s penultimate week of argument this term, there’s a quiet personal bankruptcy case. The case, Lamar, Archer & Cofrin, LLP v. Argument preview: Court to decide whether Bankruptcy Code protects dishonest debtors – SCOTUSblog

11 trustee. Section 1104(a) of the Bankruptcy Code authorizes a bankruptcy court to appoint a Chapter 11 trustee where cause exists to do so. In deciding whether cause existed to appoint a Chapter 11 trustee, this Court heard testimony over the course of three days, accepted evidence and legal argument, and engaged in the statutory

For the first time in nearly 20 years, the US Supreme Court has weighed in on insider trading law and handed a victory to the government and its insider trading enforcement efforts. In Salman v. United States , [1] the Court put to bed confusion generated by the US Court of Appeals for the Second Circuit’s decision in United States v.

The U.S. Supreme Court March 27 agreed to consider, in the context of a chapter 11 bankruptcy reorganization, the correct standard of review for determining insider status under the Bankruptcy Code ( U.S. Bank N.A. v. The Vill. at Lakeridge LLC, U.S., No. 15-1509, review granted 3/27/17 ).

Educational Activities · Supreme Court Landmarks · Annual Observances · About Educational Outreach.. If the corporation issues stock, the stock cannot be publicly traded.. A chapter 12 case begins by filing a petition with the bankruptcy court.. While a variety of objections may be made, the typical arguments are that.

Karl Eller, a child of the Great Depression who went on to build an outdoor-advertising empire in Arizona and helped establish Phoenix as a major player in professional sports, died Sunday. He was 90.

Had the son received good advice from his bankruptcy lawyer, he could have waited just another three months before filing the Chapter 7 case, so that the trustee would have no power to recover the money repaid to the mother. Fortunately, unlike so many bankruptcy cases just like this one, this story has a happy ending.

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The Supreme Court Oral Argument. On April 18, 2018, the Supreme Court heard argument in this case. [39] Lagos’s Argument. During Lagos’s argument, the Justices focused largely on teasing out whether, under Lagos’s view of the MVRA, certain expenses would be covered under their hypotheticals.

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