On June 6, 2017, Kenneth Dante Murena will be moderating an American Bankruptcy Institute Commercial Fraud Committee discussion on Janvey v. Golf Channel, Inc., No. 13-11305 (5th Cir. Aug. 22, 2016), arising from the SEC enforcement action against Stanford International Bank, Ltd., pending in the U.S. District Court for the N.D. Tex., in which the U.S. Court of Appeals for the Fifth Circuit addressed the issue of whether trade creditors who fully perform in the ordinary course at market rates provide reasonably equivalent value to a Ponzi scheme, under the Bankruptcy Code and fraudulent transfer law in Texas (and beyond).
The featured speaker will be Kevin M. Sadler, Esq., a Partner at Baker Botts, LLP and lead counsel for the Receiver of Stanford International Bank, Ltd. in the Golf Channel litigation.