Hayes v. Morgan Stanley DW Inc. (In re Stewart Fin. Co.)
Mar
30
2007
Ruling
Payments to investment company margin accounts belonging to debtor's former principal were not avoidable.
Procedural posture
Plaintiff trustee filed an action against defendant investment company to avoid and recover, as fraudulent transfers, certain payments made by the debtor that were to be applied to margin accounts opened by and belonging to a former principal of the debtor. The investment company filed a motion for summary judgment.
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Court
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