2nd Circuit Remands Trustee Lawsuit For Reasoning On Prejudgment Interest Award

2nd Circuit Remands Trustee Lawsuit For Reasoning On Prejudgment Interest Award

NEW YORK - A panel of the Second Circuit U.S. Court of Appeals on Jan. 7 partially affirmed and partially remanded a case in which a Chapter 7 bankruptcy trustee filed an adversary action for the recovery of fraudulent transfers, ruling that a district court needed to articulate its reasoning for granting prejudgment interest to the trustee (David R. Kittay v. Joseph Korff $(In the Matter of Douglas E. Palermo$), No. 11-848, Chapter 7, 2nd Cir.; 2014 U.S. App. LEXIS 284).

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