In re: Michael Bogdan and Inner City Management, LLC

Counsel for prevailing appellant trustee in Fourth Circuit on appeals of District Court and Bankruptcy Court decisions establishing significant national law providing that (1) unconditional assignment by mortgage lenders of whatever claims they had against debtors’ alleged coconspirators, with no right to share in trustee’s recovery except pro rata with other creditors of estate, was sufficient to give trustee standing to prosecute these assigned claims, and (2) doctrine of in pari delicto did not apply to prevent Chapter 7 trustee, as unconditional assignee of mortgage lenders, from pursuing causes of action that lenders had against debtors’ alleged co-conspirators. [In re Bogdan, 414 F.3d 507 (4th Cir. 2005)]