In previous years, the Court released ... (click to view)
Editor's Note :
In previous years, the Court released orders the morning after the Court’s “Long Conference.” It has not done so this year. Beginning last Term, the Court consistently considered petitions at least two times before granting certiorari. To the extent that practice continues -- and there is no affirmative evidence the Court intends to drop it -- so we are again doubtful that certiorari will be granted in any cases today.
Official Committee of Unsecured Creditors of Quebecor World (USA) Inc. v. American United Life Insurance Company
Petition for certiorari denied on February 24, 2014
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.