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Judge Stephanos Bibas Judge Stephanos Bibas, of the U.S. Court of Appeals for the Third Circuit. Photo: Diego M. Radzinschi/ALM

The U.S. Court of Appeals for the Third Circuit has ruled in a precedential decision that in cases where a trustee has abandoned a bankrupt entity, a creditor can nevertheless sue those who “plunder” a near-insolvent company of its remaining assets.

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P.J. D'Annunzio

Reporter at the Legal Intelligencer covering public corruption, federal courts, and breaking news.

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