United States Third Circuit

"Deepening insolvency" constitutes a valid cause of action under Pennsylvania state law, so a bankruptcy debtor may have standing against third parties who induced further debt despite the doctrine of in pari delicto.

Appellate Information

• Argued 05/31/2001
• Decided 10/09/2001
• Published 10/09/2001

Judges

• Before: SLOVITER, FUENTES, and COWEN, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Barbara W. Mather (argued), Francis J. Lawall, Matthew J. Hamilton, Pepper Hamilton LLP, Philadelphia, PA, Attorney for Appellant.


• For Appellees:
  
• Stuart L. Melnick (argued), Tanner Propp LLP, New York, NY, Attorney for Appellee.