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Summarized by Henry Baer , Finn Dixon & Herling LLP
14 years 10 months ago
Citation:
2011 WL 3568936 (2d Cir. August 16, 2011)
Ruling:
The Court was faced with several issues regarding the proper interpretation of the Securities Investor Protection Act, 15 U.S.C. § 78aaa et seq. (“SIPA”). The Court first ruled that the...
Judge(s):
Jacobs, Chief Judge, Leval and Raggi, Circuit Judges. Opinion by Jacobs, Chief Judge.
United States Court of Appeals for the Eighth Circuit, No. 10-2117, No. 2123, Appeals from the United States District Court for the Western District of Arkansas, August 12, 2011
Ruling:
The Court held that because the debtor was the beneficiary of a valid spendthrift trust under non-bankruptcy law, her interest in the distributions of net income from that spendthrift trust was...