$16.5M Centaur Ch. 11 Clawback Spurs High Court Petition
By William Gorta ( January 5, 2017, 4:52 PM EST) -- A former shareholder of a racetrack and casino seeking to avoid returning $16.5 million to the bankruptcy estate of Centaur LLC has petitioned the U.S. Supreme Court to hear its appeal, saying the justices need to cure a long-standing circuit split on whether bankruptcy safe-harbor transfers to financial institutions include those where the institutions didn't directly benefit....
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