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CHATHAM CAPITAL HOLDINGS, INC. v. CONRU

Docket No. 23-154 August Term 2023.

92 F.4th 107 (2024)

CHATHAM CAPITAL HOLDINGS, INC., Chatham Capital Management IV, LLC, Plaintiffs-Appellants, v. Andrew B. CONRU, AS TRUSTEE FOR the ANDREW B. CONRU TRUST, FriendFinder Networks, Inc., Interactive Network, Inc., Defendants-Appellees, John and Jane Does 1-5, Defendants.

United States Court of Appeals, Second Circuit.

Decided: January 31, 2024.

Attorney(s) appearing for the Case

Steven M. Kayman ( Stacy L. Ceslowitz , on the brief), Rottenberg Lipman Rich, P.C., New York, NY, for Plaintiffs-Appellants.

Lawrence Robbins ( Jeffrey R. Wang , Alexandra Elenowitz-Hess , on the brief), Friedman Kaplan Seiler Adelman & Robbins LLP, New York, NY, for Defendants-Appellees.

Before: Jacobs, Wesley, and Robinson, Circuit Judges.

This case turns upon the scope of the Trust Indenture Act ("TIA"), one of our federal securities laws.

"After rampant abuses in the securities industry led to the 1929 stock market crash and the Great Depression, Congress enacted a series of laws to ensure that the highest ethical standards prevail in every facet of...

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