skip to main content
Overview
Toggle Button Open

March 10, 2023

New York Law Journal

Stroock partners Sherry Millman and Harold Olsen examine the U.S. Court of Appeals for the Third Circuit ruling in Speedwell Ventures v. Berley Associates (In re Pazzo Pazzo).

"While the decision provides some guidance as to how the prepetition termination or expiration of a purchase option may fare in bankruptcy, the holding is narrow, and leaves open the question of whether the court’s reasoning can be applied in other circumstances to shield prepetition transactions from avoidance claims."

Click here to read the full article. 

Related Files & Links

March 10, 2023

New York Law Journal

Stroock partners Sherry Millman and Harold Olsen examine the U.S. Court of Appeals for the Third Circuit ruling in Speedwell Ventures v. Berley Associates (In re Pazzo Pazzo).

"While the decision provides some guidance as to how the prepetition termination or expiration of a purchase option may fare in bankruptcy, the holding is narrow, and leaves open the question of whether the court’s reasoning can be applied in other circumstances to shield prepetition transactions from avoidance claims."

Click here to read the full article. 

Related Files & Links