Kerri K Mumford

Kerri K Mumford

July 21, 2021 | Delaware Business Court Insider

Third Circuit Confirms No Triangular Setoff Under 553 Exception: 'Mutual' Means Mutual

The U.S. Court of Appeals for the Third Circuit recently issued a precedential decision involving a matter of first impression that likely will modify how pharmaceutical and other distributors and their related entities structure their business dealings with manufacturers and others with analogous arrangements.

By Kerri K. Mumford and Jennifer L. Cree

7 minute read