- 11 U.S.C.
Youngman v. YA Global Invs. L.P. (In re Headliners Entertainment Group Inc.)
Feb
09
2011
Ruling
Payments to financial advisory company were not fraudulent transfers because the debtor received reasonably equivalent value.
Procedural posture
Chapter 7 trustee sought to recover payments made to defendants, an investment company and a related financial advisory company, as fraudulent transfer actions under 11 U.S.C.S. § 548(a)(1)(B). The Trustee objected to defendants' introduction of testimony supplementing the promissory note agreements at issue on the grounds that such testimony was barred by the parol evidence rule.
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Court
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