A “bank [making a secured rescue loan] had information that should have created the requisite suspicion ' to conduct a diligent search for possible dirt” ' i.e.
Seventh Circuit Voids Lien-Securing Rescue Loan
A "bank [making a secured rescue loan] had information that should have created the requisite suspicion ' to conduct a diligent search for possible dirt" ' <I>i.e.</I>, whether the debtor had the right to pledge $312 million of customer securities, held the U.S. Court of Appeals for the Seventh Circuit on Jan. 8, 2016.
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