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

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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