In a decision last month in Whyte v. SemGroup Litig. Trust (In re Semcrude L.P.), No. 14-4356, 2016 U.S. App. LEXIS 7690 (3d Cir. Apr. 28, 2016), the United States Court of Appeals for the Third Circuit held that proving that a debtor was left with unreasonably small capital will not turn on either hindsight … Continue Reading
A group of former partners of Dewey & LeBoeuf LLP are doing everything they can to hold on to monthly partnership draws they received in the months and years leading up to Dewey’s collapse. The trustee of the Dewey Liquidation Trust has argued, among other things, that monthly partnership draws are avoidable and recoverable as … Continue Reading
