Commodity Broker Liquidations: What Qualifies as a “Commodity Contract”?

Christina Sanfelippo discusses what qualifies as a commodity contract in the American Bar Association's Young & New Members Committee Newsletter. In the article, Christina references The Seventh Circuit’s recent decision in Secure Leverage to put to bed nearly five years of litigation on the question of what contracts are sufficiently “similar to” futures contracts under § 761(4) of the Bankruptcy Code to receive the highest priority of repayment in a commodity broker liquidation. She also dives into bankruptcy code and commodity broker liquidations and covers some background of secure leverage and the "similar to" provision and how that affects the trustee.

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Christina Sanfelippo


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