On March 12, 2025, the U.S. Bankruptcy Court for the District of Delaware denied four banks’ motion for summary judgment in an action seeking to claw back $35 million in fees associated with a $1.8 billion loan that allegedly...more
5/21/2025
/ Bankruptcy Court ,
Banks ,
Chapter 11 ,
Clawbacks ,
Commercial Bankruptcy ,
Creditors ,
Financial Institutions ,
Fraudulent Transfers ,
Loans ,
Summary Judgment ,
Trustees
On September 12, 2024, the U.S. Court of Appeals for the Eighth Circuit nixed a $563 million jury verdict against BMO Harris Bank involving claims that the bank aided and abetted a multibillion-dollar Ponzi scheme, ruling...more