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February 28, 2018

Law360

Stephen Newman, a partner in Stroock’s Financial Services/Class Action Group, was quoted in a Law360 article that discusses a unanimous decision by the Supreme Court that resolved a circuit split over the scope of the Bankruptcy Code’s “safe harbor” provision exempting certain transactions from clawbacks, concluding that a transfer can be undone in bankruptcy if funds simply move through a financial institution without benefiting it. To read the article, please click here (subscription required).

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