3rd Circ. Opens New Punitive Damages Doors For Creditors

Law360, New York (January 13, 2014, 1:59 PM EST) -- In Klein v. Weidner, 729 F.3d 280 (3d Cir. 2013), the Third Circuit Court of Appeals predicted that the Pennsylvania Supreme Court would allow a creditor to recover punitive damages for violations of the Pennsylvania Uniform Fraudulent Transfer Act.

The facts of the case arise from a domestic dispute between Douglas Weidner and Deborah Klein, former spouses. In 1999, the parties divorced in California, and Weidner was directed by a California court to make spousal and child support payments to Klein. Although Weidner made some child...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.