Commercial Fraud Committee

Committees

Post date: Monday, June 15, 2020

If you can look into the seeds of time,
And say which grain will grow and which will not,
Speak then unto me, who neither beg nor fear
Your favors nor your hate.
—William Shakespeare
Macbeth, Act I, Scene 3

Post date: Monday, June 15, 2020
Photo of Ingrid Warrner
Ingrid Warrner

A common exception to the discharge of a debt is that the debtor obtained credit by use of a false financial statement.[1] The Fifth Circuit recently examined this exception and provided important insight into what it means for a creditor to reasonably rely on a debtor’s statement as required by § 523(a)(2)(B).

Post date: Thursday, December 19, 2019

It has been a productive year for the Commercial Fraud Committee. Our committee published two newsletters, containing six articles, and a third newsletter is currently in the works. A webinar is also planned for 2020. Here are a few highlights of our committee’s activities in 2019, as well as our upcoming plans for the new year:

Post date: Monday, November 25, 2019

As a Certified Public Accountant (CPA) who began his career as an auditor, I thought at the time that I stepped into the world of financial forensics I was prepared to embark on a career as a financial fraud auditor and expert. After all, numbers are numbers; they don’t lie or misrepresent themselves. Or so I thought.

Post date: Monday, November 25, 2019

Texas, like nearly every other state, has adopted its own version of the Uniform Fraudulent Transfer Act (UFTA).[1] The UFTA is aimed at preventing “debtors from transferring their property in bad faith before creditors can reach it.”[2] To that end, the Texas UFTA (TUFTA) ren

Post date: Monday, November 25, 2019

New York is home to many great things, such as Broadway, museums, fashion, and some of the nation’s tallest buildings.[2] Just like some of its highest buildings, New York is also home to some of the country’s highest rent prices.

Post date: Monday, November 25, 2019

With the continued expansion of international trade and the increase in cross-border transactions comes an increase in complex multi-jurisdictional disputes.

Post date: Tuesday, August 06, 2019

The General Corporation Law of Delaware (DGCL) provides a right of action against corporate directors who declare a dividend while the corporation is insolvent. Such conduct may also give rise to claims for fraudulent transfer or breach of fiduciary duty, but unlawful dividend claims have several advantages.

Post date: Tuesday, August 06, 2019
Photo of Michael D. Napoli
Michael D. Napoli

The Fifth Circuit recently certified an important question under the Uniform Fraudulent Transfer Act (UFTA) to the Texas Supreme Court. At issue is the futility exception to the good-faith defense provided by § 8(a) of UFTA.

Post date: Friday, January 11, 2019

Lees Inns of America (LIA) was a public company that built and operated hotels. Lester Lee (Lester) and his brother William each owned 25 percent of LIA. In 1994, LIA went private and Lester became the majority shareholder and chairman of the board. The balance of shares were held by a trust (the Trust) created by William with his two sons as co-trustees.

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Thu, 2015-11-12

During this call, Geoffrey L. Berman discussed the ABI’s Commission Report to Study the Reform of Chapter 11, particularly its recommendations related to In Pari Delicto. In addition, the committee’s leadership discussed the various projects and presentations the committee is working on in the coming months.

Sat, 2015-04-18

Advanced Defenses to Avoidance Actions: Understanding Them Can Make All The Difference

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Mr. Walter F. McArdle, Esq.
Co-Chair
Spain & Gillon, LLC
Birmingham, AL
(205) 581-6295

Ms. Virginia Tate, CFE/CIRA/EA
Co-Chair
FAI International, Forensic Accounting & Investigations
Coeur D'Alene, ID
(208) 765-5432

Mr. Ben A. Barnes
Communications Manager
Kirkland & Ellis LLP
Dallas, TX
(214) 972-1748

Mr. Michael D. Napoli
Education Director
Akerman LLP
Dallas, TX
(214) 720-4300

Mr. Greg S. Schwegmann
Membership Relations Director
Reid Collins & Tsai LLP
Austin, TX
(512) 647-6100

Mr. John T. Farnum, Esq.
Newsletter Editor
Miles & Stockbridge PC
Washington, MD
(202) 737-9600

Mr. Nathaniel J. Palmer
Special Projects Leader
Reid Collins & Tsai LLP
Austin, TX
(512) 647-6107

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