Attorney laments new PACA precedent, while others say case breaks no new ground
Attorney laments new PACA precedent, while others say case breaks no new ground
An attorney familiar with PACA law believes that a recent decision by a New York court allows preferential payments of PACA Trust creditors and should cause sellers to file suit early and often when the potential for a bad debt arises.
However, several other attorneys, who are also experts in PACA law, disagree with the significance of the recent decision and believe there has been no change in case law, and buyers and sellers need to do nothing differently.
However, several other attorneys, who are also experts in PACA law, disagree with the significance of the recent decision and believe there has been no change in case law, and buyers and sellers need to do nothing differently.