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Expert Analysis

Inside The 2nd Circ.'s Broad Reading Of Section 546(e)

Law360, New York ( August 13, 2013, 1:24 PM EDT) -- The U. S. Court of Appeals for the Second Circuit recently affirmed a broad reading of the safe harbor of U. S. Bankruptcy Code Section 546(e), which protects from avoidance both "margin payments" and "settlement payments" as well as transfers made in connection with a "securities contract. ". . .

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