A debt “for fraud or defalcation while acting in a fiduciary capacity” cannot be discharged in an individual bankruptcy case. 11 U.S.C. §523(a)(4). The precise scope of the term, “fiduciary,” within the meaning of this...more
In Unsecured Creditors Committee of Sparrer Sausage Company, Inc. (In Jason’s Food, Inc.), 2016 WL 3213096 (7th Cir. June 10, 2016), the Seventh Circuit Court of Appeals rejected a Bankruptcy Court’s narrow application of the...more
Hall of fame horse racing jockeys Laffit Pincay, Jr. and Chris McCarron first sued their former business managers, Vincent and Robert Andrews, in California District Court in 1989 for fraud, breach of fiduciary duty and other...more
6/2/2015
/ Appeals ,
Breach of Duty ,
Chapter 11 ,
Collateral Estoppel ,
Dischargeable Debts ,
Fiduciary Duty ,
Fraud ,
Horse Racing ,
Investment Adviser ,
Investment Funds ,
Jury Verdicts ,
Justifiable Reliance ,
Misrepresentation ,
RICO