Second Circuit leaves open the question of whether a trustee can sell a ‘general’ or ‘derivative’ claim that’s subject to a valid lien held by a creditor.

Fictitious profits in account statements don’t represent ‘value’ and give rise to a defense for receipt of a fraudulent transfer with ‘actual intent,’ the Second Circuit rules.

Second Circuit interprets PACA to preclude setting off debts and credits from the sale of perishable agricultural commodities.

Lehman workers barred from making claims based on worthless stock awards.