Tronox Inc. v. Anadarko Petroleum Corp. (In re Tronox Inc.)
Jan
20
2012
Ruling
Debtor's recovery on fraudulent transfer claims was not capped by §550(a).
Procedural posture
Chapter 11 debtor filed a complaint seeking to establish that a transfer of assets in a spin-off was an intentional or constructive fraudulent conveyance under 11 U.S.C.S. §§ 548 or 544(b). Both parties moved for partial summary judgment. Defendant transferee sought a ruling that 11 U.S.C.S. § 550 capped the debtor's recovery on its claims at the amount of unpaid creditor claims. The debtor sought a ruling that § 550 imposed no cap.
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Court
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