The US Supreme Court declined to hear a dispute over the application of “safe harbor” provisions in bankruptcy, leaving intact rulings against a trustee seeking to unwind a $708 million transfer that allegedly left Boston Generating LLC insolvent.
A trustee liquidating the New England power company’s bankruptcy estate is blocked from trying to claw back funds used to compensate equity holders as part of a 2006 leveraged recapitalization, following the justices’ order Monday.
Trustee Mark Holliday sought to overturn a September 2024 ruling by the US Court of Appeals for the Second Circuit that shut down his fraudulent transfer suit ...
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