2nd Circ. Says Courts Can Stop Involuntary Bankruptcy
A three-judge panel of the U.S. Court of Appeals for the Second Circuit said Tuesday that a district judge had the authority to enjoin creditors of WexTrust Capital LLC from filing involuntary bankruptcy proceedings.
The U.S. Securities and Exchange Commission alleged in 2008 that the fund, its affiliates and its leaders bilked more than 1,000 investors,...
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