Latest / North Star Tax and Legal Briefing
Who Owns the Fraud Claim? When a Customer’s Bankruptcy Doesn’t Take Your Right to Sue Its Officers
Your customer goes bankrupt after its officers assured you it was healthy — so who owns the fraud claim against them, you or the estate? A recent Delaware decision held vendor fraud claims stay with the vendors, because reliance is personal. What Houston suppliers and distressed-asset buyers need to know. Full analysis at https://htx-legal.net/insights
The skinny
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