Circuits Now Split on Dischargeability for Third Party’s Violation of Securities Laws
Eleventh Circuit panel divided on reaching alternative holding under Section 523(a)(19).
Falsely Misrepresenting One Asset Isn’t Grounds for Nondischargeability, Circuit Holds
Eleventh Circuit takes sides with the majority in circuit split over Section 523(a)(2).
Breach of Corporate Fiduciary Duty Is Not Automatically Nondischargeable
‘Fiduciary duty’ is more narrowly defined in Section 523(a)(4) than in corporate law.