Delaware Court Cracks Down on Insufficiently Plead Preference-Action Complaints

The U.S. Bankruptcy Court for the District of Delaware recently issued a series of decisions in which the court dismissed preference-action complaints for insufficiency of the factual allegations contained in the complaints. These decisions represent an acknowledgment by the bankruptcy judiciary that the U.S. Supreme Court "meant what it said" in the Twombly and Iqbal cases about a heightened pleading standard with respect to civil-action complaints.

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