Doctrine of in pari delicto can apply to receivers of corporations

In Myatt v. RHBT Financial Corporation, the court of appeals issued a decision involving the doctrine of in pari delicto, which is the principle that a plaintiff who has participated in wrongdoing may not recover damages resulting from the wrongdoing. In a matter of first impression in South Carolina, the court held that a receiver of a corporation used to perpetuate fraud may not seek recovery against an alleged third-party co-conspirator in the fraud.