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Third Circuit Holds Bankruptcy Trustee May Relinquish Derivative “Asset Plundering” Causes of Action for Creditors to Pursue

August 31, 2020

Recently, in Artesanias Hacienda Real S.A. De C.V. v. North Mill Capital, LLC; Leisawitz Heller, the Third Circuit held that creditors can pursue claims of the bankruptcy estate that have been abandoned by the trustee. Although the plaintiff, Artesanias, had Article III standing to pursue certain claims, because these claims were derivative of harm…

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N. Chris Glenos

Connect: https://www.bradley.com/people/g/glenos-n-chrisChris's Linkedin Profile
Subscribe: Subscribe via RSS
Blogs
  • Financial Services Perspectives
Firm/Org
  • Bradley Arant Boult Cummings LLP
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