Decision in In re J. Silver Clothing, Inc., Holds that §547(c) “Substantially Contemporaneous” Transfers are not Governed by a Bright Line Rule under §547(e)

By Fox Rothschild LLP & Fox Rothschild LLP

May 4, 2011

Summary

In a 28 page decision signed April 29, 2011, Judge Gross of the Delaware Bankruptcy Court determined that in order for a transfer to be considered “substantially contemporaneous” as used by Bankruptcy Code §547(c), it does not necessarily need…

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Court Holds Coverage for Madoff Suits Excluded Under Policy’s Insolvency Exclusion

By Troutman Pepper Locke

June 8, 2010

The US District Court for the District of Connecticut recently dismissed a customer suit against an insurer, based upon its determination that all of the underlying claims were excluded by the policy’s Insolvency Exclusion. …