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Kirschner v. KPMG, 09-2020 (Cir. 2)

Kirschner v. KPMG LLP, 09-2020 (Nov. 18)

In a case involving the standing of the trustee of a bankrupt corporation’s litigation trust to sue third parties who allegedly assisted corporate insiders in defrauding the corporation’s creditors, an appeal from the dismissal of the suit brought by the trustee is affirmed where the trustee lacked standing because the insiders’ misconduct was imputed to the corporation.

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