Commercial Fraud Committee


Post date: Thursday, May 22, 2014

In a bankruptcy context, issues arising from the forced transfer of partnership or membership interests in a closely held business are a frequently encountered by the practitioner. The relevant focus is upon the value, or lack of value, given in consideration for the transfer of interest.

Post date: Thursday, May 22, 2014

The unfortunate aftermath of a Ponzi scheme is that it leaves investors fighting amongst themselves over what remains and the competing interests of the “net losers” (those who lost money beyond the initial investment) trying to recover some of their losses and the “net winners” (those who made a profit) trying to hold onto distributions they received.

Post date: Thursday, May 22, 2014

In Labourers’ Pension Fund of Central and Eastern Canada v. Sino-Forest Corporation[1], the Ontario court[2] approved Ernst & Young LLP’s (“Ernst & Young”) $117 million settlement relating to class action lawsuits commenced by jilted investors following the downfall of Sino-Forest Corporation (“SFC”), once the most valuable forestry company on the Toronto Stock Exchange.  The $9.2 Billion class action (which is ongoing against certain defendants) contains significant allegations of fraud that call into question SFC's reported asset values and revenues, as well as the practices of SFC's auditors, underwriters and consultants.

Post date: Thursday, May 22, 2014

Recently, the Bankruptcy Court for the District of Massachusetts ruled in In re Duplication Management, Inc., (Riley v. Countrywide)[1] that courts can shift the burden of production[2] to a defendant to quantify the value of indirect benefits purportedly received by a debtor accused of making a fraudulent transfer.[3] Duplication Management is notable not only in shedding light on what is meant by the “burden of production,” but also under what circumstances this burden might shift to a defendant.

Post date: Thursday, May 22, 2014

Lawyers typically stand in awe of courts’ “inherent power” – we understand that compliance with courts’ whims as well as their directives, and unambiguous candor, are essential if we are to escape the broad range of sanctions that courts have at their disposal.  In Law v.

Post date: Friday, September 09, 2011

On Aug. 16, 2011, the U.S, Court of Appeals for the Second Circuit affirmed Hon. Burton R.

Post date: Sunday, December 12, 2010
Post date: Thursday, November 11, 2010

As a colleague characterized it, the U.S.

Post date: Thursday, November 11, 2010

In a 4-3 decision,


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

Ms. Virginia Tate, CFE/CIRA/EA
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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