The U.S. Court of Appeals for the Third Circuit has extended the parameters of its test used to determine when there is a valid claim against a company undergoing bankruptcy.
May 25, 2012 at 12:00 AM
1 minute read
The U.S. Court of Appeals for the Third Circuit has extended the parameters of its test used to determine when there is a valid claim against a company undergoing bankruptcy.
The court adopted the test in an en banc panel two years ago in In re Grossman’s , replacing the flawed test under which the Third Circuit had operated since it issued In re M. Frenville in 1984.
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