8th Circ. Won't Revive Fraudster's US Adversary Suit

Law360, New York (February 12, 2014, 3:34 PM EST) -- An Eighth Circuit panel on Wednesday upheld a Nebraska bankruptcy court’s dismissal of an adversary suit brought by a former financial adviser convicted of securities fraud that disputed a $6.8 million restitution order, saying bankruptcy court is the wrong forum to challenge his criminal conviction.

The U.S. Bankruptcy Appellate Panel for the Eighth Circuit said the suit brought by former 21st Century Financial Group Inc. owner Bryan Behrens was properly tossed, and if Behrens has a valid and compelling argument challenging the validity of the criminal...
To view the full article, register now.




Case Information

Case Title

Bryan Behrens v. USA

Case Number



Appellate - 8th Circuit

Nature of Suit

Date Filed

September 30, 2013

Government Agencies

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.