Circuit Split Deepens on Scope of § 546(e) by Recognizing Limits on the Application of the Safe Harbor

FTI Consulting Inc. v. Merit Mgmt. Group LP, 15-3388, 2016 WL 4036408 (7th Cir. July 28, 2016); FTI Consulting Inc. v. Merit Mgmt. Group LP, 11 CV 7670, 2014 WL 3858365 (N.D. Ill. Aug. 5, 2014); In re Tribune Co. Fraudulent Conveyance Litig., 818 F.3d 98 (2d Cir. 2016); Contemporary Indus. Corp. v. Frost, 564 F.3d 981 (8th Cir. 2009); Enron Creditors Recovery Corp. v. Alfa, S.A.B. de C.V., 651 F.3d 329 (2d Cir. 2011); Matter of Munford Inc., 98 F.3d 604 (11th Cir. 1996); In re Resorts Int’l Inc., 181 F.3d 505 (3d Cir. 1999); In re Quebecor World (USA) Inc., 719 F.3d 94 (2d Cir. 2013); Bonded Fin. Servs. Inc. v. European Am. Bank, 838 F.2d 890 (7th Cir. 1988).