Recent Second Circuit Decision Explores PACA Trusts In The Context Of Bankruptcy Law And Exercise Of Setoff

LexisNexis (February 15, 2019, 12:00 PM EST) -- In a recent decision from the Second Circuit, the court examined the right to offset in the intersection between bankruptcy and a statutory trust created under the Perishable Agricultural Commodities Act, 7 U.S.C. §§ 499a, et seq. (“PACA”)....