Quantcast
Home / Opinion Digests / Trustee Can Pursue Claim Against Successor (access required)

Trustee Can Pursue Claim Against Successor (access required)

A Richmond U.S. Bankruptcy Court says a chapter 7 trustee may seek recovery in this case against Sterne Agee as successor entities; the weight of authority outside this circuit supports the conclusion that a successor liability claim constitutes property of the bankruptcy estate under Bankruptcy Code § 541(a)(1), which a trustee has standing to pursue ...

Leave a Reply