Law360, New York (February 04, 2009) -- In a precedential case Tuesday an appeals court hewed to the lower courts, implicating Lucent Technologies Inc. in the demise of Winstar Communications Inc. and entitling the Chapter 7 trustee to hundreds of millions of dollars the collapsed company paid to Lucent.
Debating for the first time whether a creditor can be deemed an insider for the purpose of extending preferential payment deadlines, the U.S. Court of Appeals for the Third Circuit...
