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USACM Liquidating Trust v. Deloitte & Touche

Ruling
Statute of limitations for debtor's cause of action, which expired prior to petition date, could not be extended.
Issue(s)
Was bankruptcy litigation trust's action against debtor's outside auditor for wrongfully issuing unqualified audit opinions, thereby concealing the misappropriations of the owners and controllers of the debtor, properly dismissed as imputed to debtor and not eligible for extension of limitations period, which expired prior to petition date?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on February 18, 2014 , LexisNexis #0314-037