We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Supreme Court Takes Up Ch. 11 Nonstatutory Insider Dispute

Law360, New York (March 27, 2017, 5:11 PM EDT) -- The U.S. Supreme Court agreed Monday to hear an appeal concerning the Ninth Circuit's standard for determining whether a Chapter 11 creditor qualifies as a “nonstatutory insider,” in a case where an intercompany claim against a bankrupt real estate owner was sold to an insider’s friend.

U.S. Bank NA now has the chance to argue that the appeals court had broken from the appropriate standard of review applied by several sister circuits in determining whether a creditor is too close to a “statutory insider” of a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.