3rd Circ. Reverses Contempt Order In Bayer Fraud Suit

Law360, Los Angeles (January 9, 2014, 3:35 PM EST) -- A Third Circuit panel on Thursday found that a bankruptcy court abused its discretion by holding investment consulting group 21st Capital Corp. in contempt, ruling that 21st Capital properly followed a court order not to pursue accounts receivable claims against a Bayer AG subsidiary.

Circuit Judge Kent A. Jordan reversed a district court order that upheld the contempt decision, in a case over AGR Premier Consulting Inc.’s fabrication of $2 million worth of invoices to Bayer Business and Technology Services. 21st Capital, which served as AGR’s...
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