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Justices Limit Ch. 11 Safe Harbor For Securities Clawbacks

By Alex Wolf ( February 27, 2018, 10:49 AM EST) -- The U.S. Supreme Court on Tuesday resolved a circuit split over the scope of the Bankruptcy Code's "safe harbor" provision exempting certain securities transactions from clawbacks, unanimously concluding that a transfer can be undone in bankruptcy if funds simply move through a financial institution without benefiting it....

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