In the News

Richard Bendix Co-Authors Article for Metropolitan Corporate Counsel

March 6, 2015

Richard M. Bendix, Jr., Chicago-based member and co-leader of Dykema’s Bankruptcy and Restructuring Practice Group, authored the article, “Second Circuit Expands Bankruptcy Code’s Safe Harbor Protection for Transferees of Ponzi Scheme Payments,” which appears in the March 2015 issue of Metropolitan Corporate Counsel, a monthly publication distributed to nearly 20,000 top-tier executives.

The article covers a recent Second Circuit Court of Appeals decision that expanded section 546(e)’s protection for recipients of constructive fraudulent transfers in Ponzi schemes and that, notably, section 546(e) does not prevent a trustee from recovering intentional fraudulent transfers.

To read the entire article, click here.