Supreme Court considers appropriate standard of review for determining 'insider' status in bankruptcy proceedings

The US Supreme Court [official website] heard oral argument [transcript, PDF] on Tuesday in US Bank National Association v. Village at Lakeridge [SCOTUSblog materials], in which the justices were tasked with determining the appropriate standard of review for determining whether a particular individual is or is not an “insider” for purposes of a bankruptcy proceeding. […]

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