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.
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.
