An Unlimited Reach-Back Period When IRS Is Triggering Creditor?

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An Unlimited Reach-Back Period When IRS Is Triggering Creditor?

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Using the Internal Revenue Service (IRS) as the “triggering creditor” under § 544(b) of the Bankruptcy Code provides a powerful tool for bankruptcy trustees to reach back for periods of 10 or more years in the pursuit of fraudulent conveyances that are otherwise outside the applicable state law statutes of limitation.

Posted in In the News, Meaghan Murphy - In the News, Peter D. Russin - In the news

Glenn Beck Media Outlet Says Texas Suit Trumps Del. Filing

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Glenn Beck’s media outlet TheBlaze.com told the Delaware Chancery Court on Monday that it should halt proceedings in a suit its former CEO brought against the company — seeking an order that it foot the defense bill for a related Texas suit accusing him of mismanaging Beck’s production company — characterizing it as “forum shopping.”

Posted in Eric W.Ostroff - Media and Events, In the News, Meaghan Murphy - In the News, Peter D. Russin - In the news

Glenn Beck’s News Outlet Says Ex-CEO Can’t Get Indemnity

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The former CEO of Glenn Beck’s news outlet TheBlaze Inc. on Wednesday asked a Delaware court to order the company to foot the bill for a suit accusing him of mismanaging Beck’s production company, just days after TheBlaze asked a Texas state court to do the opposite.

Posted in Eric W.Ostroff - Media and Events, In the News, Meaghan Murphy - In the News, Peter D. Russin - In the news