In Lightfoot v. MXEnergy Electric, Inc. (In re MBS Management Services, Inc.), the US Court of Appeals for the Fifth Circuit found that an electricity supply contract constituted a forward contract. Further, the payments under the contract were found to be settlement payments and not subject to avoidance under the Bankruptcy Code. A summary and copy of the opinion can be found here.
Austin has had the highest percentage of retail rental growth in the country during the first quarter of 2012 as reported in the Austin Business Journal. Read the full article.
Learn more by reading an article published by Peter Ruggero and Clinton Snow in the American Bankruptcy Institute Journal.
Exposing Secret Maritime Liens in Bankruptcy, American Bankruptcy Institute Journal, Vol. XXIX, No. 10 (December/January 2011)
Peter Ruggero was named a Rising Star in 2012 by the Super Lawyers rating service.
Peter Ruggero has become Board Certified in Business Bankruptcy by the Texas Board of Legal Specialization. Read the press release.