Alexander v. J. Martin & Assocs. (In re Terry Mfg. Co.)
Feb
20
2007
Ruling
Attorney and investigator paid by debtor's law firm were not liable to trustee as immediate good faith transferees of law firm as initial transferee.
Procedural posture
An indicted officer of debtor company retained a law firm. Per the fee agreement, the law firm was to be paid a flat fee plus an investigator fee. The law firm brought in another attorney (not a member of the law firm). The law firm paid both the attorney and investigator (defendants) for services rendered. Plaintiff bankruptcy trustee sought to recover the payments to defendants as fraudulent conveyances. Defendants moved for summary judgment.
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Court
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