Official Comittee of Unsecured Creditors v. R.F. Lafferty & Co., Inc., et al. 267 F.3d 373 (3rd Cir. 2001)
Sep 01, 2001OUTCOME: Prevailed
Case brought against Mr. Melnick's client by a Creditors' Committee in bankruptcy, alleging securities fraud, conspiracy, aiding and abetting, and a litany of other claims. The action commenced resul ... ted in a decision by the United States Court of Appeals for the Third Circuit in favor of Mr. Melnick's client. The Third Circuit's decision in the case, which was also designated as a "Decision of the Week" by the National Law Journal, has since become a leading decision on the issue of deepening insolvency in bankruptcy.