The Dreier Ponzi scheme, like Madoff, makes law on claims of defrauded creditors.
GM case will decide applicability of ‘safe harbor’ to interest payments on debt securities.
Seventh Circuit lauds Judge Lane’s Quebecor World preference opinion.
Aggregation was not permitted to surmount the $6,225 minimum for preferences.
No debt, and thus no preference, arises until after the midnight deadline.