Paul Nussbaum Presents at Leading Bankruptcy Conference on "Ponzi Scheme Bankruptcies"
Baltimore – Whiteford Taylor & Preston LLP is pleased to announce that Paul M. Nussbaum, Chair of the firm's Business Reorganizations and Bankruptcy Litigation group, addressed the Mid-Atlantic Institute on Bankruptcy & Reorganization practice in Charlottesville, Virginia on “Ponzi Scheme Bankruptcies".
The faculty of the Institute, designed for leading practitioners in the bankruptcy arena, included six judges from U.S. Bankruptcy Courts, professors, and partners from an array of well-regarded national and regional law firms. In his presentation on issues and developing law in Ponzi Scheme Bankruptcies, Mr. Nussbaum was joined by Dion Hayes of McGuireWoods and Erika Morabito of Foley & Lardner.
Recent Ponzi scheme cases that have made headlines worldwide include the Madoff, Stanford and Rothschild scandals. Such cases present courts and litigants with a number of challenging issues. Investors in Ponzi schemes are not only targets for claw-back avoidance litigation by bankruptcy trustees, but may also have aiding and abetting and other claims against non-debtor participants in the schemes, such as feeder funds and facilitating banks. In addition, Ponzi scheme cases present unique issues relating to collateral source recovery rules and bar orders.
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