Litigation

Recent Posts

U.S. Supreme Court Remands Bankruptcy Defalcation Case, Says Higher Standard Needed
Posted on 13 May 2013 by James Cordrey

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on May 13 unanimously vacated and remanded a case involving a bank's claim that a debtor who had acted as trustee for his father's insurance trust was guilty of defalcation for making loans... Read More

Russell Wasendorf Gets 50-Year Sentence For Fraud Related To Peregrine Bankruptcy
Posted on 31 Jan 2013 by James Cordrey

CEDAR FALLS, Iowa- (Mealey's) A federal judge in Iowa on Jan. 31 sentenced Russell R. Wasendorf, the former CEO of bankrupt Peregrine Financial Group Inc., to 50 years in federal prison for stealing more than $215.53 million in customer funds while... Read More

U.S. Supreme Court Hears Arguments In Case Of Debtor's Alleged Defalcation
Posted on 18 Mar 2013 by James Cordrey

WASHINGTON, D.C.- (Mealey's) The U.S. Supreme Court on March 18 heard oral arguments in a case involving a bank's claim that a debtor who had acted as trustee for his father's insurance trust acted recklessly and was guilty of defalcation... Read More

U.S. Supreme Court to Rule on Bankruptcy Judges' Power in 'Core' Proceedings
Posted on 24 Jun 2013 by Bajeerah LaCava

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on June 24 granted certiorari in a case dealing with the questions of whether Article III of the U.S. Constitution permits the exercise of the judicial power of the United States by bankruptcy courts... Read More

U.S. High Court Hears Debate On Jurisdiction, Authority Of Bankruptcy Judges
Posted on 15 Jan 2014 by James Cordrey

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court on Jan. 14 heard oral arguments in a case dealing with whether Article III of the U.S. Constitution permits the exercise of the judicial power of the United States by bankruptcy courts on... Read More

U.S. Supreme Court Will Hear Bankruptcy Case Involving Charge On Debtor's Property
Posted on 17 Jun 2013 by James Cordrey

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on June 17 granted certiorari in a case involving the question of whether a bankruptcy court has the power to levy a financial charge against a Chapter 7 debtor's residential property, which... Read More