Bankruptcy
Dec. 14, 2012
Bankruptcy judges see authority sapped
In a decision closely followed by lawyers involved in major law firm bankruptcies, the 9th U.S. Circuit Court of Appeals ruled last week that only an Article III judge can enter final judgments in fraudulent transfer cases.
Daily Journal Staff Writer
In a decision closely followed by lawyers involved in major law firm bankruptcies, the 9th U.S. Circuit Court of Appeals ruled last week that only an Article III tribunal, such as a district court judge, can enter final judgments in fraudulent transfer actions.
The decision chips away at the power of bankruptcy courts, but also held that bankruptcy judges have legal standing to hear such suits and submit...
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