L-R: U.S. Court of Appeals for the Eleventh Circuit Judge Jill Pryor, Chief Judge William Pryor and Senior Judge Stanley Marcus. (Credit: ALM/Courtesy photo)
The U.S. Court of Appeals for the Eleventh Circuit ruled that a receiver appointed in the wake of a Ponzi scheme has standing to maintain fraudulent-transfer claims against alleged accomplices, and might have standing to pursue common-law tort claims against such accomplices.
The ruling appears to be good news for the plaintiff, Burton Wiand, the receiver for Oasis International Group Ltd., whom James Sallah, a partner, and Joshua Katz, of counsel at Sallah Astarita & Cox in Boca Raton, represent.
