Safe Harbor Shields Shareholders In Tribune Fraudulent Transfer Litigation

The U.S. District Court for the Southern District of New York denied a litigation trustee's motion for leave to file a sixth amended complaint that would have asserted constructive fraudulent transfer claims against 5,000 Tribune Company shareholders. The safe harbor of Bankruptcy Code §546(e) barred the trustee's proposed claims.

10 minute read June 01, 2019 at 12:05 AM
By
Michael L. Cook
Safe Harbor Shields Shareholders In Tribune Fraudulent Transfer Litigation

The U.S. District Court for the Southern District of New York, on April 23, 2019, denied a litigation trustee's motion for leave to file a sixth amended complaint that would have asserted constructive fraudulent transfer claims against 5,000 Tribune Company (Tribune) shareholders.

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