Bankruptcy Express Webinar: Are Bankruptcy Claims Sold Subject to a "Taint"? Commentary on the Delaware Bankruptcy Court's Ruling in the KB Toys Case

Bankruptcy Express Webinar: Are Bankruptcy Claims Sold Subject to a "Taint"? Commentary on the Delaware Bankruptcy Court's Ruling in the KB Toys Case

Speaking Engagement

On May 4, 2012, Bankruptcy Judge Kevin J. Carey of the US Bankruptcy Court for the District of Delaware disallowed certain trade claims purchased on the secondary market because the sellers of those claims had not repaid their preference liability. The court's interpretation of Section 502(d) of the Bankruptcy Code in the KB Toys case rejects the analysis of the US District Court for the Southern District of New York's 2007 ruling in Enron.

Presentation Materials

Webinar Recording

"Purchaser of Trade Claims Takes Subject to Disallowance Based on Sellers' Failure to Repay Preference Liability, " WilmerHale Client Newsletter

Bankruptcy Express Webinar Series
The Bankruptcy Express Webinar Series includes complimentary 30-minute presentations on the latest developments in bankruptcy law. Attorneys from WilmerHale's Bankruptcy and Financial Restructuring Practice provide brief overviews of recent decisions and current trends that are changing the business landscape. CLE credit is offered.

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