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State High Court Preserves Lenders' Tort Claims Against Debtors' Insiders

A lender's state law tort claims against "non-debtor third-parties for tortious interference with a contract" were "not preempted" by "federal bankruptcy law," held the New York Court of Appeals.

9 minute read January 01, 2021 at 12:07 AM
By
Michael L. Cook
State High Court Preserves Lenders' Tort Claims Against Debtors' Insiders

A lender's state law tort claims against "non-debtor third-parties for tortious interference with a contract" were "not preempted" by "federal bankruptcy law," held the New York Court of Appeals on Nov. 24, 2020.

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