Declared a "spectacular fraud" by a federal appeals court, the collapse of Student Finance Corp. has also spawned litigation in three states, including a potentially massive legal malpractice claim by SFC's bankruptcy trustee against Pepper Hamilton. Now a federal judge has handed a significant victory to one of the key defendants in its dispute with an insurer over the cost of defending itself against more than $32 million in claims.
September 25, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The collapse of Student Finance Corp. has already been declared the result of a “spectacular fraud” by a federal appeals court and led to the indictment of its founder, Andrew N. Yao.
In its wake, SFC’s bankruptcy has also spawned litigation in three states — Pennsylvania, Delaware and Texas — including a potentially massive legal malpractice claim by SFC’s bankruptcy trustee against Pepper Hamilton.
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