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01/30/2013 04:17:43 PM EST

2nd Circ. Backs Algonquin's Stake In $11M Malpractice Award

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Law360: Bankruptcy

The Second Circuit on Wednesday reversed a lower court's ruling against Algonquin Power Income Fund Inc., finding modifications to a $22.5 million loan owned by Algonquin and Trafalgar Power Inc. gave Algonquin an interest in $11.1 million in damages the bankrupt Trafalgar won in a malpractice suit. Read More...