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We have certainly seen many auditor liability cases recently where the auditor, either in reliance on data from the Ponzi insiders or in cahoots with the insiders, issued false financial statements on which the investors relied.
he Second Circuit has upheld the district court's decision in Stephenson v. PricewaterhouseCoopers LLC, dismissing an investor's claims for professional malpractice and fraud against the auditor of a Madoff feeder fund, Greenwich Sentry. 
The quest of defrauded investors in Ponzi schemes to be made whole is ongoing. To recover their funds in the resulting bankruptcy and receivership cases of the Ponzi debtors, defrauded investors file proofs of claim to seek reimbursement ...
A divided U.S. Supreme Court ruled 5-4 Monday that the federal income tax liability that resulted from a debtor's post-petition farm sale is not "incurred by the estate" for the purposes of 11 U.S. Code Section 503(b).
In Matter of Pro-Snax Distributors, Inc., a panel of the Fifth Circuit made the uncontroversial ruling that a chapter 11 debtor's attorney could not recover attorney's fees from the bankruptcy estate after appointment of a trustee.
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We have certainly seen many auditor liability cases recently where the auditor, either…
On this edition, Kathy Bazoian Phelps of Danning, Gill, Diamond & Kollitz, LLP…
The 2009 bankruptcy court decision commonly known as the TOUSA decision caused shock…
On June 23, 2011, the Supreme Court ruled 5-4, in an opinion by Chief Justice Roberts…
LexisNexis Core Terms: postpetition, administrative expenses, farmer, entity, income…
Partner, Levenfield Pearlstein, LLC
Partner, Klee Tuchin Bogdanoff & Stern LLP
Professor of Law, Hostra University
Attorney; Editor-in-Chief, Collier on Bankruptcy
Partner, Weil Gotshal & Manges LLP
Archivist, Biddle Law Library, Penn Law School
Associate, McMillan Metro, P.C.
Should H.R. 2533, the “Chapter 11 Bankruptcy Venue Reform Act of 2011,” be enacted to amend 28 U.S.C. § 1408 to prevent forum shopping & the filing of chapter 11 cases in SDNY and Delaware?