Legal Opinion
Kirschner v. KPMG LLP
Court of Appeals for the Second Circuit
Decided December 23, 2009No. Docket Nos. 09-2020-cv (L), 09-2027-cv (CON)PublishedCited by 23 opinions
1Opinion of the Court
JON 0. NEWMAN, Circuit Judge.
This appeal concerns 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. The appeal primarily raises the issue of whether, under New York law, the acts of the corporate insiders can be imputed to the corporation, in which event, pursuant to the so-called Wagoner rule, the trustee for a debtor corporation lacks standing to recover against third parties for damage to the creditors, see Shearson Lehman Hutton, Inc. v. Wagoner, 944 F.2d 114,…
2Cases cited15 opinions
- Shearson Lehman Hutton, Inc. v. Walter Wagoner, Jr., TrusteeCourt of Appeals for the Second Circuit · 1991
- Marine Midland Bank v. John E. Russo Produce Co.New York Court of Appeals · 1980
- Center v. Hampton Affiliates, Inc.New York Court of Appeals · 1985
- Mediators, Inc. v. Manney (In re Mediators, Inc.)Court of Appeals for the Second Circuit · 1997
- Bankruptcy Services, Inc. v. Ernst & Young (In Re CBI Holding Co.)Court of Appeals for the Second Circuit · 2008
10 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Penguin Group (USA) Inc. v. American BuddhaCourt of Appeals for the Second Circuit · 2010
- Kirschner v. KPMG LLPNew York Court of Appeals · 2010
- Geron ex rel. Estate of Thelen LLP v. Seyfarth Shaw LLP (In re Thelen LLP)Court of Appeals for the Second Circuit · 2013
- Giordano v. MARKET AMERICA, INC.Court of Appeals for the Second Circuit · 2010
- 10 Ellicott Square Court Corp. v. Mountain Valley Indemnity Co.Court of Appeals for the Second Circuit · 2010
18 more not listed; retrieve them via the Exa API.