January 04, 2024
The Second Circuit has declined to revisit a panel's decision to restore claims against Nine West in a Chapter 11 lawsuit brought by bankruptcy trustees alleging the women's clothing retailer initiated $78 million in fraudulent payroll transfers.
November 27, 2023
A split Second Circuit panel revived some claims in a Chapter 11 suit brought by trustees of women's clothing retailer Nine West over more than $1 billion in allegedly fraudulent transfers, finding the U.S. Bankruptcy Code's safe harbor provision doesn't protect claims tied to $78 million in payroll transfers in the case.