- 11 U.S.C.
Nisselson v. Empyrean Inv. Fund LP (In re MarketXT Holdings Corp.)
Mar
12
2010
Ruling
Transfer by debtor of proceeds of stock sale to investment fund avoided as fraudulent.
Procedural posture
Trustee brought an adversary proceeding against defendant investment fund alleging that a transfer of the proceeds of a sale of stock held by a bankruptcy debtor to the fund constituted an intentionally and constructively fraudulent transfer under bankruptcy law and state law.
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Court
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