The appeals court correctly chose to review the bankruptcy court determination for clear error instead of de novo review. The determination was primarily fact-based.
Merit Management cannot take advantage of the bankruptcy safe-harbor provision. That provision is meant for transfers to benefit brokers.
Two Pennsylvania racetracks merged to build a “racino” (race track + casino). The surviving company couldn’t get the permit and filed for bankruptcy. Can the company that sold out of the deal keep its distance, or will bankruptcy law take suspicion?
Shortly after Village at Lakeridge filed for bankruptcy, Dr. Rabkin bought a claim worth $2.76 million for $5,000. How strictly should the appellate court review the bankruptcy court decision that Rabkin was not a non-statutory insider?