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Home » 11 USC 553

In re Orexigen Therapeutics, Inc.

  • Summarized by Daniel Waxman , KEWA Financial Inc.
  • 4 years 11 months ago
Citation:
20-1136 (3rd Circuit, Mar 19,2021) Published
Case Status:
Affirmed
Ruling:
"Mutuality," as that term is used in 553 of the Bankruptcy Code, is a distinct statutory requirement that cannot be expanded by contractual or state law concepts of setoff. "Mutuality" means only...
Judge(s):
Jordan, Krause, and Restrepo
Tag(s):

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