The petition of the day is:

13-455

Issue: Whether Section 546(e) of the Bankruptcy Code eliminates the statutory power to avoid payments related to a securities transaction when a financial institution acts as a mere conduit for the transferred property, as the Second, Third, Sixth, and Eighth Circuits have held, or whether the financial institution must have a beneficial interest in the transferred property, as the Eleventh Circuit has held.

Posted in Official Committee of Unsecured Creditors of Quebecor World (USA) Inc. v. American United Life Insurance Company, Cases in the Pipeline

Recommended Citation: Mary Pat Dwyer, Petition of the day, SCOTUSblog (Feb. 21, 2014, 10:26 PM), http://www.scotusblog.com/2014/02/petition-of-the-day-559/