Choice Limits Receivers’ Energy to Recuperate Torts Damages from Third Events in Fraud Circumstances

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Decision Limits Receivers' Power to Recover Torts Damages from Third Parties in Fraud Cases

Jim Silver, partner at Kelley Kronenberg in Fort Lauderdale, and Aleida Martinez-Molina, partner at Weiss Serota Helfman Cole & Bierman in Miami.

The United States Court of Appeals for the eleventh circuit ruled that a recipient who was appointed for a related company was not entitled to seek tortious damages from third parties who allegedly supported and promoted fraud involving a Ponzi scheme .

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