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Email In Kelley v. Safe Harbor Managed Account 101, Ltd.,[1] the Eighth Circuit Court of Appeals endorsed a broad view of parties protected from avoidance claims related to certain derivative and financial contracts (“QFCs”), including a securities contract (e.g., purchase and sale of securities). https://www.cadwalader.com/resources/articles/eighth-circuit-follows-second-circuit-and-affirms-broad-safe-harbor-protections-for-bank-customers