Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
09-15-2011 Rakoff Order Withdrawing the Reference (N0002225)

09-15-2011 Rakoff Order Withdrawing the Reference (N0002225)

Ratings: (0)|Views: 79 |Likes:
Published by ibkent
Judge Rakoff in a very short decision granted Helen Chaitman's motion to withdraw the reference to consider the issue of whether Irving Picard has stated a claim of fraudulent transfer in view of her argument that there cannot be a fraudulent transfer when a broker reduces a debt by allowing a customer to withdraw funds. Now the focus is on September 29th when Judge Rakoff is going to issue his decision on the Wilpon motion for summary judgment. If Judge Rakoff grants the Wilpon motion as to the innocent investor claim, all of the clawback suits against innocent investors will be dismissed.
Judge Rakoff in a very short decision granted Helen Chaitman's motion to withdraw the reference to consider the issue of whether Irving Picard has stated a claim of fraudulent transfer in view of her argument that there cannot be a fraudulent transfer when a broker reduces a debt by allowing a customer to withdraw funds. Now the focus is on September 29th when Judge Rakoff is going to issue his decision on the Wilpon motion for summary judgment. If Judge Rakoff grants the Wilpon motion as to the innocent investor claim, all of the clawback suits against innocent investors will be dismissed.

More info:

Published by: ibkent on Sep 17, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

09/17/2011

pdf

text

original

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->