The In Pari Delicto Defense Stiffens In The 1st Circ.
Pre-petition professionals of the debtor, including auditors, investment bankers, financial advisors and attorneys, may face threatened or actual litigation over their roles in the debtor’s demise. These types of claims are often the estate’s primary unencumbered assets, and may be the sole means of funding a dividend to unsecured creditors.
Claims against a...
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