United States: The Devil's Triang(ular Setoff), Revisited – Third Circuit Affirms Denial Of Corporate Parent's Attempt To Set Off Debt Owed To Subsidiary - Kelley Drye & Warren LLP

United States: The Devil's Triang(ular Setoff), Revisited – Third Circuit Affirms Denial Of Corporate Parent's Attempt To Set Off Debt Owed To Subsidiary - Kelley Drye & Warren LLP

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The U.S. Court of Appeals for the Third Circuit recently became the first circuit court to address the question of whether a corporate parent can set off an obligation...

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