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Petition of the day

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.

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