10th Circuit: Trustee May Sue Canadians For Breaches Resulting In Bankruptcy

10th Circuit: Trustee May Sue Canadians For Breaches Resulting In Bankruptcy

DENVER - A panel of the 10th Circuit U.S. Court of Appeals on July 17 partially reversed a ruling and held that a liquidating trustee had jurisdiction to sue the directors and officers of a Canadian company whose U.S. affiliate filed for bankruptcy on grounds that the officers did enough business in the United States for them to be sued in federal district court (P. David Newsome Jr. v. William Gallacher, et al., No. 12-5068, Chapter 11, 10th Cir.; 2013 U.S. App. LEXIS 14415).

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