Court must reconsider rejection of 'mere conduit' defense in preference case (D.N.J.) | Secondary Sources | Westlaw

Court must reconsider rejection of 'mere conduit' defense in preference case (D.N.J.) | Secondary Sources | Westlaw

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Court must reconsider rejection of 'mere conduit' defense in preference case (D.N.J.)

2015 BKRDBRF 4004By Lisa UhlmanWESTLAW Bankruptcy Daily Briefing (Approx. 2 pages)

Court must reconsider rejection of 'mere conduit' defense in preference case (D.N.J.)

2015 BKRDBRF 4004By Lisa UhlmanWESTLAW Bankruptcy Daily Briefing (Approx. 2 pages)

Court must reconsider rejection of 'mere conduit' defense in preference case (D.N.J.)

(January 6, 2015) - A wholesale insurance broker will get another crack at challenging an order for the return of $138,000 it received from a foundering brokerage, after a federal judge asked a bankruptcy court to revisit whether the defendant was...

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Article: Judge lets trustee avoid payments insurance broker made pre-bankruptcy 2013 BKRDBRF 5358
Date: December 16, 2013
A New Jersey bankruptcy judge has ordered an insurance broker to return $138,000 in transfers another brokerage made in the lead-up to its bankruptcy, saying the debtor did not receive any value in exchange for the payments.
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